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Asset managers push for TRUMP, DOGE, and cryptocurrency ETFs

Osprey Funds and Rex Shares have filed plans with the SEC to offer ETFs for memecoins such as TRUMP and DOGE, in addition to Bitcoin- and Ethereum-focused ETFs. These filings indicate a trend toward greater cryptocurrency acceptance in the investment environment.

Two renowned asset management firms, Osprey Funds and Rex Shares, have filed with the Securities and Exchange Commission (SEC) to develop exchange-traded funds (ETFs) centered on cryptocurrencies, including memecoins like Dogecoin (DOGE) and the recently released TRUMP token

The submissions suggest ETFs designed to directly hold spot cryptocurrencies and related financial derivatives, with at least 80% of the fund’s assets allocated to these holdings during normal market conditions. Along with the memecoin ETFs, applications were received for ETFs targeting Bitcoin, Ethereum, Solana, and XRP, increasing the scope for digital asset investments.Particular relevance lies in the development of the TRUMP memecoin just days before its inclusion in the ETF proposal. Despite its brief lifespan, the coin has already achieved enormous popularity, with a fully diluted valuation of $80 billion shortly after its launch.

The token’s popularity has boosted activity on the Solana network, causing temporary congestion owing to increasing demand.These filings coincide with a surge of excitement in the cryptocurrency industry, which anticipates a more favorable regulatory climate under the next US administration.

President Trump’s pro-crypto stance and aspirations to establish the United States as a leader in digital assets have sparked a new wave of ETF ideas from asset managers.While clearance for these ETFs is questionable, the action illustrates increased efforts to incorporate cryptocurrency into mainstream financial products.

If approved, the TRUMP memecoin ETF would be the first of its kind, representing the developing confluence of politics and digital assets.This development demonstrates the growing acceptability of cryptocurrencies in traditional finance, as financial firms continue to push for novel ways to meet the growing interest in digital assets among US investors.

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