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TRUMP, DOGE and BONK the next ETF Spot? The request to the SEC
By Daniele Corno
After stepping down as chairman of the SEC, Gary Gensler watches as ETFs on DOGE, BONK and the TRUMP MemeCoin are requested
Osprey Funds, Rex Shares and new SPOT ETFs
Gary Gensler has just stepped down from his role as Chairman of the SEC, and like so many others, he is probably spinning his top to figure out whether all that is happening is real or just an illusion.
Apparently, however, not being in INCEPTION, the spinning top at some point falls, confirming that it is reality.
Osprey Funds and Rex Shares have filed several proposals with the SEC to launch new SPOT ETFs. Nothing extraordinary so far, except that among the crypto-assets featured within the proposal are the Meme Coin TRUMP, DOGE and BONK.
In addition to these three assets however, the approval of ETFs on Bitcoin, Ethereum, XRP and Solana is also requested.
The requests submitted, arise with the expectation of a more compliant SEC under the new administration. One of the first requests that in wide probability, will not be the only one in the coming months.
Is anything now possible?
We hope not, although the last few days just past have bordered on the crazy.
Although the demand for new ETFs on Bitcoin and Ethereum is natural, as natural as an upcoming approval of ETFs on individual altcoins such as XRP and SOL, this trend devoted to Memes seems to be joining the “party.”
Undoubtedly, the huge volumes generated on TRUMP in the last 72 hours and the huge commissions generated, have attracted the attention of investment product providers who, with their demands, try to ride the hype present in the market.
So all we have to do is to watch the next developments, observing the development of events and the new character of the SEC under the new administration.
