DOGE and TRUMP ETFs To Debut Soon?

The cryptocurrency market has witnessed a flurry of ETF fillings following the exit of former US Securities and Exchange Commission Chair Gary Gensler.

U.S. traditional investors may be in for a treat as the world’s first exchange-traded funds based on canine-themed token Dogecoin (DOGE) and the recently launched Official Trump (TRUMP) meme coin could hit the market as early as April.

TRUMP, DOGE ETFs Coming Soon?

The cryptocurrency market saw a wave of ETF filings after the departure of former U.S. Securities and Exchange Commission Chair Gary Gensler.

As ZyCrypto reported on Jan. 21, REX Shares and Osprey Funds filed applications for DOGE and $TRUMP ETFs, along with BONK, Bitcoin (BTC), Ether (ETH), Solana’s SOL, and Ripple’s payments token XRP.

“These are ’40 Act filings and so (theoretically, if they aren’t disapproved) could hit the market in early April (75 days after filing) and beat the XRP, Solana, Litecoin ETFs out bc those have to file 19b-4s which have a 240-day clock.”

Bloomberg’s senior ETF analyst Eric Balchunas said in a Tuesday X post.

Balchunas was referring to the 1940 Act, which governs funds that combine assets and derivatives. Filings under this Act are subject to a shorter 75-day review process.

This would put the DOGE and TRUMP products ahead of other filings, such as the XRP, SOL, and Litecoin ETFs, which must follow a lengthy 240-day timeline under 19b-4 filing rules.

Good point on the Doge/Trump ETF filing, these are '40 Act filings and so (theoretically, if they aren’t disapproved) could hit the market in early April (75 days after filing) and beat the XRP, Solana, Litecoin ETFs out bc those have to file 19b-4s which have a 240-day clock.

… https://t.co/t5ftWo9ZKR

Dogecoin, popularized by prominent figures like technocrat and the Department of Government Efficiency (DOGE) head Elon Musk, has become a global crypto powerhouse.

A DOGE ETF approval would provide traditional investors with a regulated vehicle, likely boosting the memecoin’s exposure and legitimacy in the broader financial system, increasing demand and potentially driving up the price.

Meanwhile, the Official TRUMP meme coin launched just days before Trump's second-term inauguration and broke records after its debut, reaching a market cap of $14.5 billion.

However, TRUMP recently took a hit after Trump said he didn’t know much about the namesake memecoin.

“I don’t know where it is. I don’t know much about it other than I launched it, other than it was very successful,” Trump said Tuesday.

The Solana-based token now has a market cap of over $7.9 billion, ranking 25th on the list of most valuable coins, data from CoinGecko shows.