REX Shares Files for Multiple Crypto ETFs Including TRUMP Coin
- REX Shares has filed with the SEC to offer ETFs for XRP, SOL, DOGE, BONK, Bitcoin, Ethereum, and the TRUMP meme coin.
- The filings follow Donald Trump’s assumption of office and Gary Gensler’s resignation as SEC Chair.
- Commissioner Mark Uyeda is serving as the acting SEC Chair amid these developments.
- The ETF products are filed under the 1940 Act and will hold a mix of derivatives and spot assets through a Cayman subsidiary.
- DOGE and BONK saw price increases of over 3% and 5%, respectively, following this news.
REX Shares’ recent ETF filings include various cryptocurrencies such as XRP, SOL, DOGE, BONK, Bitcoin, Ethereum, and TRUMP coin. This move comes amid changes in SEC leadership and reflects increased confidence in potential approvals under a pro-crypto administration. DOGE and BONK experienced notable price surges after the announcement.
Source (2.6)https://coingape.com/rex-shares-file-for-xrp-sol-doge-bonk-etfs/?rand=24432
