- REX Shares’ filings for XRP, Solana, and Dogecoin ETFs signal a bold step in expanding crypto investment options.
- With a pro-crypto SEC leadership, XRP and Solana ETFs are likely to see approval, marking a pivotal moment for mainstream crypto finance.
Following our discussion about Crypto Adoption in 2025, the CNF post highlights the importance of the path to financial independence. This article will further explore aspects relating to XRP, DOGE, and SOL among cryptos in the latest ETF filing frenzy. Notably, REX Shares has made a bold move by filing multiple ETF applications for popular tokens, including XRP, Solana (SOL), and Dogecoin (DOGE).
REX Shares, an internationally acclaimed firm led by industry veteran Greg King, has a strong track record of launching over 100 ETFs and financial notes. This initiative places REX Shares at the forefront of the wave of innovative crypto ETF filings.
In a tweet shared by Senior ETF Analyst Eric Balchunas, the significance of this development was highlighted:
Rex has filed for a Doge ETF as well as a Trump ETF 💥 💥 pic.twitter.com/OZXEMsXvJc
— Eric Balchunas (@EricBalchunas) January 21, 2025
A Shifting Regulatory Landscape
These filings come amid significant changes at the SEC. With former Chair Gary Gensler, known for his cautious stance on crypto ETFs, stepping down, pro-crypto Commissioner Mark Uyeda has assumed the role of acting chairman. This leadership shift is expected to foster a more favorable environment for approving diverse ETF products, sparking optimism among issuers and investors. Furthermore, according to the filing:
The Fund may invest in shares of other crypto ETFs, including non-U.S. crypto ETFs, which provide exposure to, replicate the performance of, or have trading and/or price performance characteristics similar to the Reference Asset.
Solana and XRP ETFs Poised for Approval
Solana (SOL) and XRP have emerged as strong contenders for ETF approval. Analysts predict a 92% likelihood of a Solana ETF being approved, supported by filings from Grayscale, Bitwise, VanEck, and others.
Teucrium has also submitted proposals for 2x Long & Short XRP ETFs, highlighting growing interest in these assets. Although Dogecoin ETFs remain a distant possibility, the surge in filings reflects a broader push to expand crypto investment opportunities.
Specifically for Ripple (XRP), another CNF highlight also reiterates the growing demand for crypto ETFs following Gary Gensler’s exit from the SEC. These developments signify a pivotal moment for digital assets as they continue to penetrate mainstream finance.
At the time of writing, Ripple (XRP) is trading at $3.16, reflecting a 1.69% increase in the past day and an 11.54% increase in the past week. See XRP Price chart below.
