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REX Shares has filed multiple exotic ETF applications for such tokens as $XRP, Solana (SOL), and Dogecoin (DOGE).
Leading ETF analyst Eric Balchunas has stated that REX is not just a random issuer, noting that its CEO was "an early pioneer in the industry."
Greg King, the founder and CEO of the Florida-based firm, has launched more than 100 ETFs and notes for such major names as
Meanwhile, Teucrium, another ETF issuer, has filed for 2x Long & Short $XRP ETFs.
As reported by U.Today, leading analyst Nate Geraci previously predicted that an $XRP ETF would be approved this year.