Trump’s first day back sparked a wave of new crypto products
In Trump’s first days as president, he has taken the center stage of politics and cryptocurrency as a supporter of his administration.Crypto The position has sparked a flood of new investment products and digital tokens, according to Securities and Exchange Commission filings and regulatory filings.
Trump made the announcement within hours of taking office Executive orders It aims to reduce crypto regulations and end what the administration has dubbed “Operation Choke Point 2.0,” which has limited crypto companies’ access to banking services.
The flurry of activity—presidential policy changes, private crypto ventures and a rush of Wall Street investment products—shows that an unprecedented convergence of political power and digital assets could shape the industry, raising concerns about conflicts of interest as a sitting president. The brand will be directly tied to the dynamic crypto markets.
The policy shifts coincided with the launch of both trumpet-themed crypto tokens. $TRUMP And $ Melania Coins experiencing dramatic price fluctuations. The $TRUMP coin reached a market cap of nearly $15 billion shortly after the launch, while the $MELANIA token topped $2 billion, according to CoinMarketCap trading data.
Asset managers have moved quickly to capitalize on the momentum. Rex Shares and Osprey Funds presented Tuesday for a Trump-themed ETF, designed to track Trump-related cryptocurrencies and blockchain projects, according to SEC filings. The companies also seek exposure to cryptocurrencies such as Bitcoin and Dogecoin and the Bonk meme coin.
The wave of political crypto products comes amid widespread institutional interest in digital assets. ProShares offers eight new cryptocurrency ETFs targeting two major cryptocurrencies—Solana And XRP—each acquiring four different investment approaches, according to SEC filings.
For both tokens, ProShares plans standard ETFs that easily track the performance of cryptocurrencies and more complex versions for sophisticated traders. “Short” funds Aim to deliver In contrast to the daily performance, the “Ultra” versions seek to double the daily returns. According to SEC filings, the most aggressive “UltraShort” variants target twice the opposite.. This means that Solana aims to earn 10% of the UltraShort fund if it drops 5% per day.
Calamos Investments aims to address the volatility in the crypto market with three bitcoin-focused ETFs offering low protection levels ranging from 80% to 100%. The fund is set to launch in 2025, according to reports on Tuesday. press release From the organization.