In a move that’s as surprising as finding a goldfish riding a unicycle in a thrift store, asset manager REX Shares has decided to throw its hat in the ring with a bunch of crypto ETFs. You heard that right, they’re not just jumping on the bandwagon; they’re literally attempting to hitch a ride on a rollercoaster with no safety bars.
REX Shares Files For XRP, SOL, DOGE, BONK ETFs
Bloomberg analyst Eric Balchunas, who probably has better things to do than track these filings, revealed that REX Shares has sent in applications for ETFs covering XRP, SOL, DOGE, and BONK. In case you were wondering, SOL is not a typo for “soul”; it’s the Solana coin, and BONK is not the sound a pig makes, but a meme coin. 🤯
But wait, there’s more! They’ve also filed for Bitcoin and Ethereum ETFs, which is like announcing you’re going to open a lemonade stand in the middle of a drought. And get this: they’re even considering an ETF for the TRUMP meme coin. Who knew Gary Gensler’s resignation was the green light for this kind of madness? 🤪💰
These filings come just as Donald Trump takes office and Gary Gensler, the SEC Chair, resigns, leaving Commissioner Mark Uyeda to clean up the mess. It’s like when your friend’s parents go on vacation and your other friend’s parents are out of town, so you decide to have a huge party. But with ETFs! 🎉💸
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2025-01-21 18:27