The first wave of memecoin-based exchange-traded funds (ETFs) is gaining traction, partly due to new leadership at the US Securities and Exchange Commission. The crypto industry has seen an uptick in memecoin ETF filings following the launch of the Trump family’s memecoins,

Only a day after former chair Gary Gensler’s formal exit from the SEC, a slew of meme coin ETFs like Dogecoin and BONK have been filed.

A Florida ETP provider has filed for $TRUMP, $DOGE, and $BONK ETFs, seeking to be the first issuer of memecoin ETFs in the United States – the filings were submitted just a day after Gary Genser left his Chair position at the SEC.

There has been a wave of crypto ETF filings after Gary Gensler stepped down, including requests to launch DOGE, BONK and TRUMP ETFs.

A new ETF filing proposed to base a product on TRUMP meme tokens, though mixed with low-volatility assets like US government debt and money market funds.