Wall Avenue could also soon fetch a dose of crypto chaos, as basically the most vital-ever alternate-traded funds (ETFs) for Dogecoin (DOGE) and the newly minted Legit Trump (TRUMP) meme coin could also debut as early as April, in response to analysts.
Bloomberg senior ETF analyst Eric Balchunas flagged the accelerated timeline after fellow analyst James Seyffart published Miami-primarily based REX Shares’ ETF filings on Tuesday.
REX Shares has filed proposals for DOGE and TRUMP ETFs, alongside Bonk (BONK), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP (XRP).
If they’re greenlit, these ETFs could also bridge meme coins and extinct finance by giving merchants fetch correct of entry to to web-born cultural icons through favorite brokerage accounts.
Factual point on the Doge/Trump ETF filing, these are ’40 Act filings and so (theoretically, if they are not disapproved) could also hit the market in early April (75 days after filing) and beat the XRP, Solana, Litecoin ETFs out bc these beget to file 19b-4s which beget a 240-day clock.… https://t.co/t5ftWo9ZKR
— Eric Balchunas (@EricBalchunas) January 21, 2025
“These are ’40 Act filings and so (theoretically, if they are not disapproved) could also hit the market in early April…” Balchunas wrote on X.
He used to be relating to the 1940 Act, which governs funds combining resources and derivatives. Filings submitted under the Act additionally fetch pleasure from a streamlined 75-day overview assignment.
By leveraging this assignment, DOGE and TRUMP ETFs could also leapfrog diversified filings—cherish XRP and Solana ETFs—which require a cumbersome 240-day timeline under 19b-4 filing rules.
“The crypto market survives on the rules of innovation and cultural relevance,” Saravanan Pandian, CEO of KoinBX, told Decrypt. “Dogecoin, with its ever-growing adoption, and the emergence of meme-pushed monetary instruments, contemplate a shift in how the original technology interacts with investments.”
Pandian sees spacious seemingly within the meme coin ETFs, “I agree that a Dogecoin ETF could also arrive earlier than anticipated if the regulatory panorama aligns, and we could also beget these trends formalized as early as April, sparking original alternatives within the digital asset house.”
Dogecoin, once a tongue-in-cheek introduction from 2013, has grown into a global crypto heavyweight, pushed by solid liquidity and cultural clout.
Endorsed by figures akin to Tesla CEO and the Division of Authorities Efficiency (DOGE) head Elon Musk, the coin has constantly dominated meme coin shopping and selling volumes.
As with TRUMP, the meme coin inspired by the sitting U.S. President Donald Trump, has quick climbed the ranks, for the time being shopping and selling at $43.24—up 21.1% within the closing 24 hours, in response to Coingecko recordsdata.
Litecoin has additionally viewed renewed ardour following Canary Capital’s amendment to its S-1 registration with the SEC earlier this month.
Balchunas and Seyffart favorite that these updates, continually indicative of regulatory engagement, imply momentum in direction of approval.
Regulatory Shifts Converse Optimism for Meme Coin ETFs
The U.S. Securities and Replace Payment (SEC) is undergoing significant management changes, with legit-crypto Performing Chair Trace Uyeda stepping in following Gary Gensler’s resignation.
Uyeda’s arrival has sparked hope all the draw through the crypto commerce for a more favorable capability in direction of revolutionary crypto products, together with the proposed meme coin ETFs.
The inclusion of TRUMP meme coin in these filings gifts a favorable order for the regulatory company as it raises questions about how the SEC will take care of a product tied to the President’s meme coin.
“Whereas Trump memecoin noticed a transient dip in prices the earlier day, I am sure the Trump ETF will happen soon, owing to his draw because the President of the US of The US,” Pandian said.
Edited by Stacy Elliott.
