{"id":10035,"date":"2025-01-28T10:40:46","date_gmt":"2025-01-28T10:40:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10035"},"modified":"2025-01-28T10:40:46","modified_gmt":"2025-01-28T10:40:46","slug":"solaxy-presale-reaches-15m-as-new-etfs-to-cause-a-bull-run","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10035","title":{"rendered":"Solaxy Presale Reaches $15M as New ETFs to Cause a Bull Run?"},"content":{"rendered":"
\n

Fund manager Tuttle Capital filed applications for ten altcoin exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). Among them are Chainlink ($LINK), Cardano ($ADA), and even meme coins like Bonk ($BONK) and Official Trump ($TRUMP).<\/p>\n

These filings come on the back of recent changes in the SEC\u2019s leadership, as pro-crypto Mark Uyeda replaced crypto critic Gary Gensler as the agency\u2019s chair.<\/p>\n

US Fund Managers Test the Waters<\/h2>\n

Tuttle Capital<\/a> already offers several leveraged $BTC and $ETH ETFs. Now, the firm seeks approval<\/a> for ten 2x ETFs, including $XRP, $SOL, and $MELANIA. Essentially, these are ETFs that would provide twice the daily gains or losses of their underlying tokens.<\/p>\n

Speculations about $SOL and $XRP ETFs have been spreading for a while, but meme coin<\/a> ETFs are an entirely new, experimental concept.<\/p>\n

Last week, REX Shares also filed for a $DOGE ETF<\/a> \u2013 perhaps viewing it as a more predictable and sustainable investment than $TRUMP<\/a> or $MELANIA<\/a>.<\/p>\n

Bloomberg Intelligence suggests issuers are testing the waters to see what the new SEC administration would allow.<\/p>\n

The question is \u2013 where will regulators draw the line?<\/p>\n

Tuttle Capital Could Set Precedent for Meme Coins Like Solaxy ($SOLX)<\/h2>\n

If the SEC approves Tuttle Capital\u2019s ETFs, they could be available on the market by April.<\/p>\n

This would set a precedent for meme coin ETFs, and we might see similar financial products for hundreds of other tokens.<\/p>\n

However, utility-backed meme coins have higher odds of getting the green light. One such project is Solaxy ($SOLX)<\/a>, a Solana Layer-2 solution with a Pepe mascot.<\/p>\n

Solaxy aims to prevent network congestion, reduce fees, and speed up transfers by offloading part of transactions to its side chain. There are currently no Layer-2 networks for Solana, so Solaxy pioneers the niche.<\/p>\n

This unique utility helped Solaxy gain momentum and raise over $15.6M on presale. One $SOLX now costs $0.001618, which is the lowest possible entry point into the project.<\/p>\n

\"Solaxy<\/p>\n

It\u2019s true that exchange listings typically boost token value, and Solaxy already has them planned.<\/p>\n

But if (or when) $SOLX ETF rolls out, we might see a truly meteoric rise.<\/p>\n

Take $BTC, for example.<\/p>\n

The first spot $BTC ETF application was filed in 2013, but only in 2021 was the first $BTC ETF launched in Canada. Within one month after the news, $BTC rose from $33K to $57K and within two to $60K.<\/p>\n

\"Bitcoin
\nWhen BlackRock filed for the first US $BTC ETF in June 2023, $BTC was trading at $27K. Since $BTC ETFs began trading on the US spot market in January 2024, it hit $100K.<\/p>\n

It appears that Solaxy launches just in time for a new wave of institutional adoption, which could bring its early supporters amplified returns.<\/p>\n

Can Meme Coin ETFs Go Mainstream?<\/h2>\n

The effects of the new pro-crypto administration are already evident. While the SEC hasn\u2019t yet approved Tuttle Capital\u2019s applications, it hasn\u2019t turned them down either, so the odds are high.<\/p>\n

The crypto market may be entering a new bull cycle where institutional investors finally judge projects like Solaxy<\/a> for their technology rather than meme facade.<\/p>\n

However, we remind you that the crypto market is extremely volatile, and no gains are guaranteed. DYOR and keep a cool head at all times.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fund manager Tuttle Capital filed applications for ten altcoin exchange-traded funds (ETFs) with the US Securities and Exchange Commission (SEC). Among them are Chainlink ($LINK), Cardano ($ADA), and even meme coins like Bonk ($BONK) and Official Trump ($TRUMP). These filings come on the back of recent changes in the SEC\u2019s leadership, as pro-crypto Mark Uyeda […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10035","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10035"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10035\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}