In a latest growth, asset supervisor REX Shares has utilized for a flurry of crypto-related exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). The submitting included purposes for ETFs that can supply XRP, SOL, DOGE, and BONK to institutional buyers.
REX Shares Files For XRP, SOL, DOGE, BONK ETFs
In an X post, Bloomberg analyst Eric Balchunas revealed that REX Shares had filed for XRP, SOL, DOGE, and BONK ETFs with the US SEC. The asset supervisor filed these purposes in collaboration with Osprey.
The asset supervisor additionally filed with the SEC to supply Bitcoin and Ethereum ETFs. Interestingly, the submitting additionally contained an software to supply an ETF that can supply the newly launched TRUMP meme coin to institutional buyers.
These filings come simply after Donald Trump took workplace and Gary Gensler resigned because the SEC Chair, with Commissioner Mark Uyeda designated because the appearing Chair.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined matters that lower throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying probably the most technical ideas and making it simple for crypto newbies to grasp. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The introduced content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
