Meme coins such as DOGE, BONK, and the newborn TRUMP crypto are the subject of newly filed ETFs. This bullish news coincides with Donald Trump’s presidential inauguration week.
With Mark Uyeda temporarily taking over from Gary Gensler, the crypto market has flipped into bullish sentiment. Uyeda, known as a more crypto-friendly person, could revise the previous administration’s regulations against crypto.
From Memes to Mainstream, DOGE, BONK, and TRUMP ETFs Eye SEC Approval: Good Meme Coin to Buy?
BREAKING: Donald Trump’s new SEC leadership poised to overhaul Crypto policy, expected to pause enforcement and end crackdown led by Joe Biden's Chair Gary Gensler.
— ALX 🇺🇸 (@alx) January 15, 2025
Currently, REX Shares and Osprey Funds have filed applications for ETFs that would track the performance of these meme coins. Furthermore, the filings are under the Investment Company Act of 1940, which might allow for a faster review process, potentially leading to approvals within 75 days.
Meanwhile, Dmitrij Radin, the founder of Zekret and chief technology officer of Fideum crypto has compared investing in meme coin ETFs to gambling on a penny stock before it becomes popular, highlighting the speculative nature of these investments. He pointed out the harsh reality one could learn from the GameStop‘s stock and Roaring Kitty.
Undoubtedly, this meme-based investing phenomenon gained popularity among retail investors following the first GameStop short squeeze in 2021, when the stock’s price skyrocketed by over 1,000% within just one month.
Radin described the filings for meme coin ETFs as an “intriguing experiment for crypto.” However, he noted that the value of this crypto is heavily tied to cultural trends and participation. Also, these ETFs will give investors direct exposure to the price movements of the DOGE, BONK, and TRUMP.
(source)
Approval of the ETF would allow Dogecoin to benefit from institutional investment. Known for its meme association with Elon Musk, it has significant community backing. This influx of liquidity would help stabilize its price. Similar to DOGE, there’s been a filing by REX Shares and Osprey for a BONK ETF. The ETF would seek to gain exposure to BONK’s price through direct investment or derivatives.
An ETF filing for the TRUMP token is the most exciting one. This token was launched just before Donald Trump’s presidential inauguration. REX Shares and Osprey Funds are also behind this proposal. These 3 ETFs would also involve a subsidiary in the Cayman Islands to manage the assets, providing a tax-efficient structure.
Memecoins Hit Wall Street: DOGE & $TRUMP ETFs in the Works
Osprey and REX Shares are gunning for crypto ETFs tied to Dogecoin, TRUMP, and Bonk.
TRUMP token hit $80B FDV in 24 hours on launch day, crashing Solana’s network with traffic.
If approved, these ETFs could legitimize… pic.twitter.com/UigKCuo2Wk
— Mario Nawfal’s Roundtable (@RoundtableSpace) January 22, 2025
The SEC’s response to these filings will depend on how these tokens are classified. DOGE, BONK, and TRUMP crypto memes could be classified as securities or commodities. The clarity of disclosures and the overall investor protection framework will also affect these ETFs.
Mark Uyeda, the new SEC leadership, might lean towards a more accommodating for crypto with the approval of ETFs for meme coins like DOGE, BONK, and TRUMP.
Why DOGE, BONK or TRUMP, Meet Meme Index: Get in Before ETFs Filed
Meme Index (MEMEX) has shown impressive traction even without any ETF filled. Still very early for this meme that currently raising over $2.5 million. This new project introduces the world’s first decentralized meme coin index, which offers diversified exposure to simplify and streamline investment in meme coins.
Investors can choose from four indexes: Titan, Moonshot, Midcap, and Meme Frenzy, catering to different risk appetites.
The presale token is currently priced at $0.01544, with the price set to increase, creating urgency for potential investors to buy in early. In addition, MEMEX’s appeal lies in its promise of high staking rewards. Currently, it offers an APY of 840%, which is 8.4X returns in a year of staking.
As a meme token itself, the MEMEX token holds a big potential through its utility and a bullish message by popular crypto influencer NASS Crypto. With a YouTube channel with over 1 million subscribers, Nass could drive Meme Index price by 10-100x on launch.
Obviously, combining meme coins on traditional stock market indexes, Meme Index attracts crypto investors and those looking for a more structured crypto investing.
You can invest MEMEX using USDT, ETH, BNB, or a bank card.
Meme Index has been audited by trusted firms Coinsult and SolidProof, ensuring the security of the platform’s smart contract.
Stay up-to-date by joining the Meme Index community on Telegram and X.
EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025
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