$TRUMP ETF Filing and Robinhood X Moonshot Collab Unites TradFi and ‘The Trenches’

As if the inauguration week wasn’t wild enough, some of the wider financial industry’s more ambitious firms are trying to bring $TRUMP, $BONK, and $DOGE to Wall Street.

Months after launching its $BONK ETP, Osprey Funds has teamed up with Rex Shares to file for a litany of cryptocurrency ETFs, including funds for iconic memecoins like $TRUMP, $BONK, and $DOGE.

Meanwhile, a partnership between Robinhood and Solana’s favorite memecoin onboarding app, Moonshot, has blurred the lines between TradFi and ‘The Trenches’.

Rex-Osprey Files 0-Fee Memecoin ETFs

On January 21st, 2025, Rex Shares, an ETF issuer, and Osprey Funds, a crypto fund manager, co-filed seven cryptocurrency ETFs to the U.S. SEC (Securities and Exchanges Commission). While the bulk of the filings represented funds for established assets like $BTC, $ETH, $SOL, and $XRP, the remaining filings raised plenty of eyebrows.

In a move that shocked TradFi players and the crypto community alike, Rex-Osprey filed for $TRUMP, $BONK, and $DOGE ETFs. These whimsical ETFs would track the price of crypto’s most recognizable memecoins, enabling traditional players to increase their exposure to these assets in a familiar format.

Remarkably, Rex-Osprey’s filings all indicate that the proposed ETFs will charge no management fees, distribution and services fees, or any other expenses. While the fillings might indicate institutional interest in memecoins like $TRUMP and $BONK, they could also be seen as a calculated play to generate hype and boost market value.

In October 2024, Osprey Funds became a popular name within the Solana community after launching a $BONK ETP.

Robinhood Integrates Moonshot

Robinhood, one of the world’s most popular trading platforms among retail investors, has made a landmark collaboration with one of Solana’s rising stars. 

https://x.com/moonshot/status/1881436134854857011

Joining forces with Moonshot, a viral Solana memecoin trading app, over 20M Robinhood users can now deposit funds into Moonshot from directly within the Robinhood app. Robinhood’s crypto-curious are now able to immediately dive deeper into the onchain world, eliminating some of the barriers separating Web2 and the blockchain world.

ZachXBT Gets Finally Paid, But Not How You’d Expect

$TRUMP, $MELANIA, and the rest of the White House cabal may have dominated mindshare, but the week’s memecoin hysteria was far from over. 

A memecoin launch celebrating blockchain detective ZachXBT divided the crypto community after the popular figure profited over $4M from $ZACH tokens donated to him by the deployer.

After creating Justice for ZachXBT ($ZACH), the token creator sent 50% of the supply to the onchain investigator’s public wallet. Within an hour of graduating from pump.fun, $ZACH had reached a market capitalization of over $8M.

Realizing his donations in the fairest way possible, ZachXBT added his holdings to the liquidity pool, effectively taking profits without dumping unwary buyers and nuking the chart. However, not all market participants approved of the blockchain detective’s behavior.

Detractors have slandered ZachXBT, comparing him to the ruggers and scammers he so diligently fought against for multiple years.

Fortunately for ZachXBT, the bulk of the crypto community has come out in support of the figure. Social media commentators across the space have commended him for his role in the space and congratulated him for finally being compensated for his efforts.

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