REX Shares 向 SEC 提交了七种加密货币 ETF 的申请，包括 XRP、SOL、BTC、ETH、DOGE、BONK 和 TRUMP 代币

REX Shares 及其专注于加密货币的姊妹公司 Osprey Funds 已向美国证券交易委员会 (SEC) 提交了七只加密货币交易所交易基金 (ETF) 的申请。

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 及其专注于加密货币的姊妹公司 Osprey Funds 已向美国证券交易委员会 (SEC) 提交了七只加密货币交易所交易基金 (ETF) 的申请。 XRP、Solana (SOL)、比特币 (BTC) 和以太坊 (ETH) 均属于 ETF 文件涵盖的加密货币，此外还有模因币 Dogecoin (DOGE)、Bonk (BONK) 和最近推出的 TRUMP 代币。

Which One Stands the Best Chance of Being Approved?

哪一个最有可能获得批准？

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.

彭博社高级 ETF 分析师 Eric Balchunas 表示，特朗普 ETF 和其他 memecoin ETF，例如追踪 Dogecoin 和 Bonk 的 ETF，可能会首先获得批准。这些申请是根据 1940 年法案提交的，该法案允许在 75 天内更快获得批准。如果没有异议，这些 ETF 可能会在 2025 年 4 月开始交易。

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，巴尔丘纳斯指出，美国证券交易委员会在评估与唐纳德·特朗普总统自己的模因币相关的 ETF 时可能面临压力。 “美国证券交易委员会是否会拒绝基于总统（他们的老板）自己的 memecoin 的 ETF？”巴尔楚纳斯问道。

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 代币是一种与美国第 47 任总统唐纳德·特朗普相关的新模因币。该代币在他就职前夕推出并迅速引起关注。该代币最初的市值为 145 亿美元，后来市值缩水一半。特朗普 ETF 将把其大部分资产投资于该代币。

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 代币以其高波动性而闻名。根据该代币的网站，与特朗普有关联的实体拥有 80% 的 TRUMP 代币。这引发了美国证券交易委员会是否会批准与此类风险资产挂钩的 ETF 的疑问。

What About XRP and Solana ETFs?

XRP 和 Solana ETF 怎么样？

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 在获得批准方面面临更多挑战。这两种加密货币都受到 SEC 的调查，XRP 的母公司 Ripple 卷入了一场关于 XRP 是否应被归类为证券的漫长法律斗争。 Solana 也面临类似的担忧，这可能会使 ETF 审批流程复杂化。另一位彭博分析师 James Seyffart 表示，19b-4 流程将需要 240 天才能批准这些 ETF，这使得它们在 memecoin ETF 之前获得批准的可能性较小。

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，分析人士认为，唐纳德·特朗普领导下的美国证券交易委员会新领导层可能会加快审批速度。 SEC 代理主席 Mark Uyeda 和预期提名人 Paul Atkins 都被认为对加密货币更加友好，这可能会增加这些产品获得 ETF 批准的机会。

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

Balchunas 指出，自 Gensler 离职以来，ETF 申请量急剧增加。

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

目前有 33 只加密 ETF 已向 SEC 备案，自 Gensler 周五离开大楼以来，该名单增加了一倍。

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

他补充说，申请数量可能会在几周内达到 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.

如果获得批准，这些ETF预计将吸引大量资金。据分析师称，Solana ETF 在第一年可能会吸引 30 亿至 60 亿美元的资金，而 XRP ETF 在第一年可能会吸引 40 亿至 80 亿美元的资金。然而，对这些 ETF 的需求可能低于比特币和以太坊 ETF，投资者认为比特币和以太坊 ETF 更安全，因为它们被归类为商品。