Wall Street is gearing up for potential disruption as exchange-traded funds (ETFs) for Dogecoin (DOGE) and the newly launched Trump (TRUMP) meme coin could make their debut as early as April, analysts suggest.
Bloombergโs senior ETF analyst Eric Balchunas highlighted the accelerated timeline after fellow analyst James Seyffart reported that Miami-based REX Shares had filed ETF proposals for multiple cryptocurrencies, including Dogecoin, Trump, Bonk (BONK), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP (XRP).
If approved, these ETFs would provide a bridge between the meme coin frenzy and traditional finance, granting investors easy access to these digital assets via standard brokerage accounts.
โThese are ’40 Act filings which, barring any disapprovals, could hit the market by early April,โ Balchunas shared on X (formerly Twitter).
The 1940 Act governs funds that combine assets and derivatives, offering a streamlined 75-day review process. This expedited approval mechanism could allow the DOGE and TRUMP ETFs to bypass the longer 240-day timeline required under 19b-4 filing rules for ETFs tied to assets like XRP and Solana.
The Cultural and Financial Significance of Meme Coin ETFs
According to Saravanan Pandian, CEO of KoinBX, the emergence of meme coin ETFs marks a cultural and financial shift in how younger generations engage with investments.
โDogecoin, with its growing mainstream adoption, and the rise of meme-based financial instruments demonstrate the innovative spirit of the crypto market,โ Pandian explained. He added that if regulatory conditions align, meme coin ETFs could hit the market sooner than expected, unlocking new investment opportunities.
Launched as a joke in 2013, Dogecoin has since evolved into a cryptocurrency powerhouse, bolstered by strong liquidity and widespread cultural relevance. With endorsements from influential figures like Tesla CEO Elon Musk, the coin has consistently led trading volumes in the meme coin category.
The Trump meme coin (TRUMP), inspired by U.S. President Donald Trump, has also gained rapid traction. Currently trading at $43.24, TRUMP has risen 21.1% in the last 24 hours, according to Coingecko.
Recent leadership changes at the U.S. Securities and Exchange Commission (SEC) have sparked hope within the crypto community. With pro-crypto Acting Chair Mark Uyeda stepping in after Gary Genslerโs resignation, industry insiders anticipate a more favorable regulatory environment for innovative products like meme coin ETFs.
However, the inclusion of Trumpโs meme coin in ETF filings presents a unique challenge for regulators, as the SEC must navigate how to handle a product tied to the sitting U.S. President.
Looking Ahead: Meme Coins Enter Traditional Finance
The introduction of DOGE and TRUMP ETFs has the potential to reshape the investment landscape, merging the worlds of cryptocurrency and traditional finance. As regulatory approvals loom, the launch of these ETFs could further legitimize meme coins, transforming them from internet-born novelties into mainstream financial instruments.
Pandian remains optimistic, stating, โI believe the Trump ETF will gain approval soon, especially given its connection to the President of the United States.โ
With momentum building and cultural interest at an all-time high, the next few months could be a defining moment for the integration of meme coins into global financial markets.