REX Shares 向 SEC 提交了七種加密貨幣 ETF 的申請，包括 XRP、SOL、BTC、ETH、DOGE、BONK 和 TRUMP 代幣

REX Shares 及其專注於加密貨幣的姊妹公司 Osprey Funds 已向美國證券交易委員會 (SEC) 提交了七隻加密貨幣交易所交易基金 (ETF) 的申請。

Seven cryptocurrency exchange-traded funds (ETFs) have been filed with the U.S. Securities and Exchange Commission (SEC) by REX Shares, together with Osprey Funds, its sister company with a focus on crypto. XRP, Solana (SOL), Bitcoin (BTC), and Ethereum (ETH) are among the cryptocurrencies covered by the ETF filings, along with memecoins Dogecoin (DOGE), Bonk (BONK), and the recently launched TRUMP token.

REX Shares 及其專注於加密貨幣的姊妹公司 Osprey Funds 已向美國證券交易委員會 (SEC) 提交了七隻加密貨幣交易所交易基金 (ETF) 的申請。 XRP、Solana (SOL)、比特幣 (BTC) 和以太坊 (ETH) 都屬於 ETF 文件涵蓋的加密貨幣，此外還有迷因幣 Dogecoin (DOGE)、Bonk (BONK) 和最近推出的 TRUMP 代幣。

Which One Stands the Best Chance of Being Approved?

哪一個最有可能獲得批准？

According to Eric Balchunas, a senior ETF analyst at Bloomberg, the TRUMP ETF and other memecoin ETFs, such as those tracking Dogecoin and Bonk, are likely to be approved first. These filings were made under the 1940 Act, which allows for faster approval within 75 days. These ETFs could begin trading by April 2025 if there are no objections.

彭博社資深 ETF 分析師 Eric Balchunas 表示，川普 ETF 和其他 memecoin ETF，例如追蹤 Dogecoin 和 Bonk 的 ETF，可能會先獲得批准。這些申請是根據 1940 年法案提交的，該法案允許在 75 天內更快獲得批准。如果沒有異議，這些 ETF 可能會在 2025 年 4 月開始交易。

However, Balchunas noted that the SEC may face pressure in evaluating an ETF that is linked to President Donald Trump's own memecoin. “Does the SEC reject an ETF based on the President's (their boss) own memecoin?” Balchunas asked.

然而，巴爾丘納斯指出，美國證券交易委員會在評估與唐納德·川普總統自己的迷因幣相關的 ETF 時可能面臨壓力。 “美國證券交易委員會是否會拒絕基於總統（他們的老闆）自己的 memecoin 的 ETF？”巴爾楚納斯問。

The TRUMP token is a new memecoin that is tied to Donald Trump, the 47th U.S. president. The token was launched just before his inauguration and quickly gained attention. Starting with a market value of $14.5 billion, the token later lost half its value. The TRUMP ETF would invest the majority of its assets in this token.

TRUMP 代幣是一種與美國第 47 任總統唐納德·川普相關的新迷因幣。該代幣在他就職前夕推出並迅速引起關注。該代幣最初的市值為 145 億美元，後來市值縮水一半。川普 ETF 將其大部分資產投資於該代幣。

TRUMP tokens are known for their high volatility. According to the token's website, entities affiliated with Trump own 80% of the TRUMP tokens. This raises questions about whether the SEC will approve an ETF that is pegged to such a risky asset.

TRUMP 代幣以其高波動性而聞名。根據該代幣的網站，與川普有關的實體擁有 80% 的 TRUMP 代幣。這引發了美國證券交易委員會是否會批准與此類風險資產掛鉤的 ETF 的疑問。

What About XRP and Solana ETFs?

XRP 和 Solana ETF 怎麼樣？

XRP and Solana ETFs face more challenges in getting approved. Both cryptocurrencies have been under SEC investigation, with XRP's parent company, Ripple, being involved in a lengthy legal battle over whether XRP should be classified as a security. Solana also faces similar concerns, which could complicate their ETF approval process. According to James Seyffart, another Bloomberg analyst, the 19b-4 process will take 240 days to approve these ETFs, making them less likely to be approved before memecoin ETFs.

XRP 和 Solana ETF 在獲得批准方面面臨更多挑戰。這兩種加密貨幣都受到 SEC 的調查，XRP 的母公司 Ripple 捲入了一場關於 XRP 是否應被歸類為證券的漫長法律鬥爭。 Solana 也面臨類似的擔憂，這可能會使 ETF 審批流程變得複雜。另一位彭博分析師 James Seyffart 表示，19b-4 流程將需要 240 天才能批准這些 ETF，這使得它們在 memecoin ETF 之前獲得批准的可能性較小。

However, analysts believe that new leadership at the SEC under Donald Trump could expedite approvals. Acting SEC Chair Mark Uyeda and expected nominee Paul Atkins are both considered to be more crypto-friendly, which could increase the chances of these products receiving ETF approval.

然而，分析人士認為，唐納德·川普領導下的美國證券交易委員會新領導層可能會加快審批速度。 SEC 代理主席 Mark Uyeda 和預期提名人 Paul Atkins 都被認為對加密貨幣更友好，這可能會增加這些產品獲得 ETF 批准的機會。

Balchunas noted a sharp increase in ETF filings since Gensler's departure.

Balchunas 指出，自 Gensler 離職以來，ETF 申請量急劇增加。

33 crypto ETFs are now currently filed with the SEC, the list doubled since Gensler left the building on Friday.

目前有 33 隻加密 ETF 已向 SEC 備案，自 Gensler 週五離開大樓以來，名單增加了一倍。

He added that the number of filings could reach 50 within weeks.

他補充說，申請數量可能會在幾週內達到 50 份。

If approved, these ETFs are expected to attract a large amount of capital. According to analysts, Solana ETFs could attract $3 billion to $6 billion, while XRP ETFs could attract $4 billion to $8 billion in their first year. However, demand for these ETFs may be lower than for Bitcoin and Ethereum ETFs, which investors consider safer due to their classification as commodities.

如果獲得批准，這些ETF預計將吸引大量資金。據分析師稱，Solana ETF 在第一年可能會吸引 30 億至 60 億美元的資金，而 XRP ETF 在第一年可能會吸引 40 億至 80 億美元的資金。然而，對這些 ETF 的需求可能低於比特幣和以太坊 ETF，投資者認為比特幣和以太坊 ETF 更安全，因為它們被歸類為商品。