The intersection of politics and cryptocurrencies has been at the center of the early days of his presidency, as the Trump administration’s pro-crypto stance has sparked a flood of new investment products and digital tokens, according to Securities and Exchange Commission filings and regulatory documents. It became a hot topic.
Within hours of taking office, President Trump loosened crypto regulations, aiming to end what his administration called “Operation Chokepoint 2.0,” which had limited crypto companies’ access to banking services. issued a presidential order.
The series of moves, ranging from presidential policy changes to private crypto ventures to a rush of investment products on Wall Street, highlight an unprecedented convergence of political power and digital assets that could reshape the industry. At the same time, it raises concerns about conflicts of interest as a sitting president. Brands will be directly tied to the volatile crypto market.
This policy shift coincided with the launch of Trump-themed crypto tokens, with both the $TRUMP and $MELANIA coins experiencing dramatic price fluctuations. According to trading data from CoinMarketCap, the $TRUMP coin reached a market cap of nearly $15 billion shortly after its launch, while the $MELANIA token surpassed $2 billion.
Asset managers moved quickly to capitalize on the momentum. Rex Shares and Osprey Funds filed on Tuesday for a Trump-themed ETF aimed at tracking Trump-related cryptocurrencies and blockchain projects, according to SEC filings. The companies also seek to offer exposure to established cryptocurrencies such as Bitcoin and emerging tokens such as Dogecoin and Bonk Meme Coin.
The wave of political crypto products comes amid widespread institutional interest in digital assets. According to SEC filings, ProShares has filed eight new crypto ETFs targeting two major cryptocurrencies, Solana and XRP, each with four different investment approaches.
For both tokens, ProShares plans standard ETFs that simply track the performance of cryptocurrencies, as well as more complex versions for sophisticated traders. “Short” funds aim to achieve the opposite of daily performance, while “ultra” versions aim to double daily returns. According to SEC documents, the most aggressive “UltraShort” variant targets twice the performance of its opposite.. This means that if Solana drops 5% in one day, the UltraShort fund will aim to rise 10%.
Calamos Investments followed up with three Bitcoin-focused ETFs that offer downside protection levels ranging from 80% to 100%, aimed at addressing volatility concerns in the crypto market. The fund is expected to launch throughout 2025, according to the company’s Tuesday press release.
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