REX Shares have filed for a slew of crypto exchange traded funds ( ETFs ) including the first funds for the recently launched TRUMP meme coin, as well as BONK and Dogecoin. The registration also seeks to create cash for Bitcoin, Ethereum, Solana, and XRP.
The Miami, Florida based company offers a range of trade traded items, including a number of crypto service through its sister firm Osprey Funds. These bitcoin products include utilized resources for Bitcoin, Ethereum, and MicroStrategy. REX claims to have over$ 8 billion assets under management.
The Tuesday papers are now the firm’s primary image gold processing and, if approved, would become the first image gold ETFs in the U. S. . This comes only a moment after Gary Gensler parted way with the SEC and pro-crypto Mark Uyeda took transitory result of the regulator.
It was only January 2024 when the first position Bitcoin ETF was approved in the U. S. , with Ethereum ETFs eventually approved in May. Since then, calls for Solana and XRP ETFs have been filed which gained some speed but unfortunately were not approved.
Nevertheless, it appears that with Donald Trump actually becoming the 47th President of the United States, the crypto industry has grown more cheerful of ETF certifications. As for, the primary image gold papers have rolled in.
“With the new Administration, there’s more chance for financial tools to get quality around papers and actions forward, ” anonymous Core Contributor for Bonk, Nom, told . “This is the right time to push for the opportunity to take BONK to conventional investment companies, and make it easier for buyers who are not able to participate with property on-chain. ”
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