$5 Billion Asset Manager Files for Crypto ETFs Offering Exposure Other DOGE, BONK, TRUMP and Others

A Miami-based investment firm with over $5 billion in assets under management, REX Shares, has filed to list a suite of cryptocurrency exchange-traded funds (ETFs) offering exposure to various altcoins, including major memecoins.

According to recent filings, first reported by Bloomberg Senior ETF analyst Eric Balchunas, the firm is looking to offer funds offering exposure to DOGE, BONK, and even Donald Trump’s recently launched “official” memecoin TRUMP. The firm is also seeking approval for ETFs tracking established cryptocurrencies like bitcoin, ether, solana, and XRP.

Eric Balchunas on X

The move comes amid a significant shift at the U.S. Securities and Exchange Commission (SEC) after the departure of Chair Gary Gensler and with Mark Uyeda, who has called the regulator’s approach to crypto enforcement as “poorly conceived” under Gensler, being appointed as interim Chair.

REX Shares offers a range of exchange-traded products and has existing ties with the cryptocurrency space through Osprey Funds, which managed leveraged BTC, ETH, and MicroStrategy funds.

In a March speech, Uyeda and fellow SEC Commissioner Hester Peirce said that the “environment we have created for the crypto asset markets, especially as it relates to secondary trading, is untenable.”

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