Odaily Planet Daily News REX Advisers (parent company of ETF issuer REXShares) and Osprey Funds have submitted documents to the U.S. Securities and Exchange Commission (SEC) to disclose that the name of its Trump token fund is Rex-Osprey Trump ETF. According to the content of the document, the fund can at least obtain exposure to Trump coins through its subsidiary in the Cayman Islands. The stock code or fees are not listed yet.
In addition, the type of filing and the preliminary details included indicate that the fund will operate differently from the popular Bitcoin ETF in law, which may help the fund launch faster, but it may also increase the possibility of regulators rejecting the proposal. REXShares and Osprey Funds clarified: "Trump is a relatively new innovation that faces unique and significant risks and is prone to drastic price fluctuations, changes and uncertainties." (Reuters)