REX Shares and Osprey Funds have asked the U.S. Securities and Exchange Commission (SEC) to approve exchange-traded funds (ETFs) based on three digital assets: the new TRUMP coin, Dogecoin (DOGE), and Bonk Inu (BONK). These ETFs would give investors a way to invest in these cryptocurrencies through a more traditional investment product.
The Filing Details
REX Shares and Osprey Funds have filed with the SEC to launch 7 new ETFs, including ones linked to TRUMP, DOGE, and BONK. These funds would allow investors to invest in these digital assets by holding a mix of cryptocurrencies and safer cash-like investments.
The funds will be managed through a subsidiary called the REX-Osprey™ TRUMP (Cayman) Portfolio S.P., based in the Cayman Islands. This setup helps meet the rules needed to create a regular investment product connected to cryptocurrencies.
The subsidiary will keep no more than 25% of the total money in cryptocurrency. The rest, 75%, will be invested in safer options like U.S. government bonds, money market funds, and other safe cash investments. This setup helps reduce the risk of the funds while still giving investors a chance to benefit from the growth of digital currencies.
The $TRUMP Coin
One of the most talked-about digital assets in this filing is the $TRUMP coin. Launched on January 18, 2025, this new cryptocurrency has been gaining attention due to its connection with President Donald Trump. The $TRUMP coin was introduced to capitalize on Trump’s large fanbase and support from the conservative side of the U.S. political spectrum.
Upon its launch, the $TRUMP coin saw dramatic price fluctuations. On the very first day of trading, the coin’s value soared from approximately $1 to as high as $74 before settling at around $40 by January 22. With this price, the $TRUMP coin achieved a market capitalization of approximately $10 billion. This incredible growth in such a short time shows the strong market interest surrounding this token, despite its volatility.
Read More: 1 in 7 Americans Have Bought Trump Memecoin.
Dogecoin (DOGE) and Bonk Inu (BONK)
Dogecoin, often referred to as the “meme coin”, has been around since 2013. Initially created as a joke, Dogecoin has grown to become one of the most popular and widely recognized cryptocurrencies. It gained significant attention in recent years due to endorsements from high-profile figures like Elon Musk.
Bonk Inu (BONK) is a relatively new token, but it has gained popularity in the cryptocurrency community. BONK is similar to Dogecoin in that it falls under the category of “meme coins”, often used for entertainment, social media trends, and light-hearted projects.
What Are ETFs?
Exchange-traded funds (ETFs) are financial products that let people buy and sell shares of a fund on the stock market. These funds usually follow the value of something like stocks, commodities, or cryptocurrencies. When you invest in an ETF, you are not directly owning the asset, but you can still benefit from its value changes.
Final Thoughts
REX Shares and Osprey Funds have filed to launch ETFs that are linked to TRUMP, DOGE, and BONK, which is an important step for the cryptocurrency market. If the SEC approves these ETFs, they will give investors a new way to invest in these popular digital assets through a regulated financial product.
Although we don’t know yet what the SEC will decide, the growing interest in cryptocurrencies and their acceptance in traditional financial markets suggest that crypto ETFs could become a common investment option in the future.
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