The crypto world might soon witness a landmark moment as exchange-traded funds (ETFs) for Dogecoin (DOGE) and the Official Trump (TRUMP) meme coin are poised to debut as early as April 2025.
Exchange-Traded Funds (ETFs) for Dogecoin (DOGE) and Official Trump (TRUMP) meme coin are set to debut as early as April 2025, according to filings and analysis.
What Happened: Miami-based REX Shares has filed for ’40 Act filings to launch ETFs tracking DOGE and TRUMP, respectively, as reported by Bloomberg ETF analyst Eric Balchunas. These filings differ from the 19b-4 filings, which typically undergo a 240-day review process. Instead, the 1940 Act filings could potentially lead to faster approvals within 75 days.
“If the SEC doesn’t disapprove them, they could launch by early April,” Balchunas said, referring to the TRUMP and DOGE ETFs.
Other assets included in filings by REX Shares are Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and XRP, among others.
These ETFs could offer a bridge between meme coins and traditional finance, as they would be accessible through standard brokerage accounts, unlike the current methods of trading these coins on crypto exchanges.
Dogecoin, which began as a parody in 2013, has grown into a crypto heavy hitter, thanks in part to public endorsements by figures like Tesla (NASDAQ:TSLA) CEO Elon Musk. The TRUMP coin, meanwhile, is linked to the sitting U.S. President and has seen a 21.1% rise in 24 hours, trading at $43.24 on Monday, according to CoinMarketCap.
“This is a new opportunity in digital assets. Dogecoin is a cultural coin, and it’s been adopted widely. TRUMP is a political meme coin, and it will create a unique market interest, especially with the SEC shifting regulations,” Saravanan Pandian, CEO of KoinBX, told CoinChapter about these ETFs.
“Considering his position as the President of the United States, the Trump ETF could arrive sooner. But both will arrive quickly with the fast-tracked filings and leadership changes at the SEC,” Pandian added.
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