
The Trump meme coin ($TRUMP) debuted on January 17, 2025, quickly gaining billions in trading volume and sparking ethical debates.
Following the coin's success, REX Financial and Osprey Funds filed for an exchange-traded fund (ETF) focused on the Trump meme coin.
While the $TRUMP coin faced some decline, the MELANIA coin launched by Melania Trump gained investor confidence.
The crypto world is buzzing after the launch of the Trump meme coin, which quickly hit billions in trading volume. The excitement has reached new heights with the filing of an exchange-traded fund (ETF) focused entirely on this controversial coin. Trump’s strategy to cash in on the hype has worked well, with his family’s coins playing out the classic “pump-and-dump” game.
While the TRUMP coin faced a decline, the MELANIA coin gained investors’ trust, largely due to its launch by the First Lady herself.
Last year, the SEC made a historic move by approving Bitcoin and ETH ETFs, bringing in huge capital and boosting crypto market adoption. Now, there’s speculation that the Trump administration might use the ETF strategy to recover some of their election spending.
Let’s break it down.
Trump Memecoins Controversy
On January 17, the Trump meme coin was introduced to the crypto market, gaining instant popularity. President Donald Trump
Donald Trump
Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.
Quick Facts
Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician
Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.
Donald Trump - Career Highlights & Events
2016 – Elected as the 45th President of the United States from the Republican Party. 2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments 2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money" 2024 – Campaign signals potential openness to crypto-friendly reforms 2025 – Elected as the 47th President of the United States from the Republican Party.
A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.
President promoted it on his social media, which helped it skyrocket in trading activity. However, this coin has sparked debates about ethics – was this just a move for Trump’s family to get back what they spent on their election campaign?
Things got even more interesting when Melania Trump launched her own MELANIA coin shortly after, stirring even more controversy.
A Look at the ETF Filings
REX Financial and Osprey Funds wasted no time filing for a Trump meme coin ETF with the U.S. Securities and Exchange Commission (SEC) on January 21. The proposed ETF aims to capitalize on the coin’s popularity, betting on its potential as a high-demand asset. The filing also revealed plans for additional crypto-centric funds targeting assets like Bitcoin, Ethereum, Dogecoin, and Bonk.
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Is Crypto Regulation Ready for This?
This ETF proposal comes as issuers explore opportunities under a potentially crypto-friendly administration. Bloomberg Intelligence analyst James Seyffart noted that Wall Street players are eager to test the limits of the current regulatory scene. However, he cautioned that even a more friendly SEC may not approve products tied to newly launched speculative meme coins like Trump and Melania tokens.
The Trump ETF is part of a larger wave of digital-asset ETF filings. Over 30 new applications, including those focused on Solana and XRP, have been submitted recently. Major players like ProShares and CoinShares are also eyeing this space, signaling a growing interest in crypto ETFs.
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