On January 22, Bloomberg Consulting ETF analyst Eric Balchun posted on social media about Rex's submission of the Dorji ETF and Trump ETF, saying that these ETFs were submitted under the 1940 Act and therefore (theoretically, if not rejected) could be listed in early April (75 days after submission).
It is reported that Eric Barchun is referring to the 1940 Act, which governs asset and derivative portfolio funds. Applications filed under the Act also enjoy a simplified 75-day review process. By using this process, DOGE and Trump ETFs can advance other filings (such as XRP and Solana ETFs), which require a cumbersome 240-day review process under the 19b-4 filing rule.
Bloomberg analyst: Rex's submission of DOGEETF and Trump ETF could be listed as early as April 4
2025-01-22 12:14:42
22 Bloomberg consulting ETF analyst analyst Eric Balchun social mediadesk3cryptocurrencydesktopCrypto News
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