Three U.S. asset managers plan to launch exchange-traded funds focused on meme coins tied to President Donald Trump and Elon Musk. Rex Financial, in partnership with Osprey Funds, has filed with the SEC to create an ETF based on the Trump meme coin, while Bitwise Asset Management is seeking approval for a Dogecoin ETF. Industry analysts warn these funds are highly speculative and carry extreme risks, with memecoins often lacking fundamental value. The SEC’s new leadership under Paul Atkins could mark a more favorable regulatory environment, but experts remain divided on the long-term implications of these novel ETFs.
