Issuers of crypto exchange-traded funds ought to rigorously think about which cryptocurrencies to supply publicity to of their funds, as a lot of the crypto market is “fairly sketchy,” says REX Monetary CEO Greg King.
“Crypto will get fairly sketchy under the highest 10, definitely under the highest 20,” King instructed Bloomberg’s ETF IQ on Monday.
“There’s some vital selecting and selecting that has to occur by issuers there,” he added.
King added that he didn’t suppose there can be “an enormous explosion” in ETF filings for numerous cryptocurrencies however predicted “loads of funds per coin.”
ETF issuers have rushed to get approval for a bunch of crypto funds after the success of spot Bitcoin (BTC) ETFs, and because the Securities and Trade Fee below President Donald Trump has taken a friendlier tone with the sector.
REX is ready for approvals for ETFs tied to memecoins — cryptocurrencies with no intrinsic worth — which might observe Bonk (BONK), Trump’s token, Official Trump (TRUMP), and Dogecoin (DOGE), which is at present the tenth largest cryptocurrency by market worth.
King touts Solana as “the long run” for stablecoins
In early July, REX Monetary launched a Solana (SOL) ETF that included publicity to staking rewards — payouts given to those that lock up tokens to assist the blockchain.
REX Monetary CEO Greg King believes Solana is the story of stablecoin’s future over Ethereum. He speaks with @EricBalchunas on “ETF IQ” https://t.co/aVEoiSkzfo pic.twitter.com/iQx9g4oYJg
— Bloomberg TV (@BloombergTV) August 25, 2025
King mentioned that Solana is “sooner and extra designed for prime processing velocity,” and that it’s been neglected as a blockchain for stablecoins, that are principally fashionable on rival blockchain Ethereum.
“Frankly, after I noticed the large debate come out about stablecoins being all constructed on ETH [Ethereum], I used to be like ‘it is a large oversight.’ I feel Solana is definitely the story for the long run so far as stablecoins go.”
“Lots of people suppose that Solana is the up-and-comer that’s going to type of dethrone Ethereum,” he added. “It’s a really controversial debate. I in all probability made buddies and enemies by even suggesting that.”
Anticipate extra ETFs per cryptocurrency
King additionally addressed expectations that many crypto ETFs will likely be launched within the coming months, saying he thinks there will likely be “considerably of an explosion.”
“The place else in ETF land did you have got six, eight, 10, 12 individuals lining as much as launch the identical actual factor time and again like we’ve seen with a Bitcoin ETF after which with ETH, now with Solana,” he added.
“These numbers simply multiply, and I feel you’ll proceed to see that,” King mentioned.
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He added that Solana was a “nice candidate” for a spot ETF, saying its “fairly attention-grabbing as a portfolio funding” as a result of its rivalry with Ethereum and its comparatively “a lot bigger staking reward.”
9 line up for Solana ETF
There are at present nine issuers which have filed to launch a spot Solana ETF, with VanEck, Bitwise, Grayscale, 21Shares, CoinShares, Canary Capital, Franklin Templeton, Constancy Investments and a joint fund by Invesco and Galaxy Digital within the combine.
The SEC is predicted to clear them for buying and selling by no less than October, and analysts and prediction market bettors have signalled that the funds will almost certainly be authorized.
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