Investment management firms Rex Shares and Osprey Funds submitted proposals for multiple spot crypto exchange-traded funds (ETFs). These filings include a range of digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Ripple’s XRP, and the newly launched $TRUMP memecoin.
ETFs target memecoins and leading cryptocurrencies
Among them, REX–Osprey TRUMP ETF is the first ETF that seeks to include $TRUMP, a memecoin endorsed by President Trump. The token, launched on the 18th of January, was introduced when these statements were filed. This ETF would have the same structure as the other proposed funds, directly owning spot cryptocurrencies and their financial derivatives.
The registration statement filed by Rex Shares and Osprey Funds covers seven different ETFs. Besides the $TRUMP memecoin, these include proposals for ETFs featuring Bitcoin, Ethereum, Solana, Dogecoin, and Bonk (BONK). These funds are designed to invest not less than 80% of their net assets in the respective reference assets and related exposures.
Pro-Crypto administration fuels optimism for ETF approvals
This is because more people have confidence that the Trump administration will provide a better regulatory environment for ETFs. President Trump’s appointment of Mark Uyeda, a known pro-crypto advocate, as interim SEC chair has reinforced this optimism. Trump’s public commitment to making the U.S. a global leader in cryptocurrency innovation has further energized the sector.
This wave of filings builds on last year’s efforts by asset managers to launch ETFs featuring altcoins such as Litecoin, Solana, and XRP. The industry’s enthusiasm reflects that the SEC, under new leadership, will adopt a more crypto-friendly stance. Approval of proposed crypto ETFs remains uncertain as the SEC continues to approach digital assets cautiously.
The administration adds political and legal complexities to the ongoing debate. Investment managers submit these documents because they want to expand crypto portfolio choices while waiting for SEC decisions about crypto industry rules.
