#DOGE and TRUMP ETFs May Launch in April#
Hot Topic Overview
Overview
REX Advisers and Osprey Funds have recently filed with the Securities and Exchange Commission (SEC) for a Trump token fund, Rex-Osprey Trump ETF, which will gain exposure to Trump tokens through its subsidiary in the Cayman Islands. REX Advisers also filed an application for a DOGE ETF. Bloomberg ETF analyst Eric Balchunas pointed out that because these ETFs are filed under the 1940 Act, they could theoretically list in early April (75 days after filing). This would be faster than other ETFs such as XRP and Solana ETFs, which require a 240-day review process under 19b-4 filing rules. However, regulators may also reject the proposal due to the volatility and risks of Trump tokens.
Ace Hot Topic Analysis
Analysis
REX Advisers and Osprey Funds have filed with the U.S. Securities and Exchange Commission (SEC), disclosing their Trump coin fund's name as Rex-Osprey Trump ETF. The fund will gain exposure to Trump coin through its subsidiary in the Cayman Islands. As the fund operates differently from Bitcoin ETFs legally, it may help the fund launch faster but could also increase the chance of regulators rejecting the proposal. Bloomberg ETF analyst Eric Balchunas pointed out that REX Advisers' DOGE ETF and TRUMP ETF filings were submitted under the 1940 Act, which could theoretically allow them to be listed in early April (75 days after filing) if they are not rejected. The Act governs asset and derivative pool funds, and filings under it enjoy a streamlined 75-day review process. By utilizing this process, DOGE and TRUMP ETFs could get ahead of other filings, such as XRP and Solana ETFs, which require a cumbersome 240-day review process under the 19b-4 filing rules.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
DOGE and TRUMP ETF may launch in early April as they are submitted under the 1940 Act, which allows for a streamlined 75-day review process.
DOGE and TRUMP ETF could be listed sooner than other ETFs such as XRP and Solana ETF, as they need to go through a 240-day review process under 19b-4 filing rules.
TRUMP ETF operates differently from Bitcoin ETF, which may help it launch faster but could also increase the likelihood of regulators rejecting the proposal.
TRUMP ETF faces unique risks including extreme price volatility, change, and uncertainty.