Osprey Funds and REX Shares, two asset management firms, filed a regulatory paper on January 21 to launch ETFs for various memecoins such as Dogecoin, Official Trump (TRUMP) and Bonk.
Along with these memecoins, they also proposed ETFs for well-known cryptocurrencies such as Bitcoin, Ether, Solana and XRP.
The ETFs will invest in both spot cryptocurrencies and related financial derivatives, which will comprise at least 80% of the fund's net assets.
One ETF in particular, the REX-Osprey TRUMP, would be the first of its kind to hold the TRUMP memecoin, which was launched on January 18 and backed by US President Donald Trump.