Just one day later Donald TrumpAt the inauguration, two companies filed proposals for a wide range of new crypto-based investment products, including unexpected entries: exchange-traded funds, or ETFs, based on meme pieces.
Why it’s important: Companies, REX shares And Ospreyhave jointly deposits submitted with the SEC for a whole suite of crypto ETFs, going well beyond traditional ones Bitcoin BTC/USD And Ether ETH/USD choice.
What raised eyebrows was the inclusion of ETFs based on meme coins: tokens like ASSET ASSET/USD, BONK BONK/USD And Dogecoin DOGE/USD.
The move comes as many believe President Trump is more receptive to digital assets than his predecessor.
Although his stance has changed at different times, the sentiment within the crypto community is largely positive given that he has hinted at a less restrictive regulatory approach.
It is also a time of change within regulatory bodies.
The SEC has recently experienced leadership changes, as well as policy changes within the CFTC, potentially paving the way for more crypto-friendly policies to emerge in the months and years to come.
Why it’s important: The documents also serve as a reminder of the risks involved.
They highlight the high volatility of crypto assets and warn that investors could lose a significant portion of their investment.
The nature of these digital assets means that their values can vary widely, influenced by factors beyond normal market analysis and control.
Security concerns, such as the risk of theft, hacking and loss of digital keys, are also listed.
Before these new investment products are available, the SEC must review and approve the filings.
This process may take some time and there is no guarantee of approval.
But the mere fact that these proposals are now on the table is itself an important moment for the crypto industry, especially in the post-Trump inauguration era.
This demonstrates the digital assets community’s growing desire to see broader adoption, and how the financial industry is taking note of the growing trend to include digital assets in everyday wallets.
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