Bloomberg analyst: In theory, Rex's DOGE and TRUMP ETFs could list as early as early April

Eric Balchunas, a senior ETF analyst at Bloomberg, posted on the X platform that ex's submission of the DOGE ETF and TRUMP ETF was filed under the 1940 Act, so (in theory, if not rejected) it could be listed in early April (75 days after submission). It is reported that Eric Balchunas is referring to the 1940 Act, which governs asset and derivative portfolio funds. Applications submitted under the Act also enjoy a simplified 75-day review process. By leveraging this process, DOGE and TRUMP ETFs can advance other filings, such as the XRP and Solana ETFs, which require a cumbersome 240-day review process under the 19b-4 filing rule.