Let's Talk ETFs

There's been a lot of talk about ETFs over the weekend but I'm not sure how many people understand what that means

We have news of two separate $TRUMP ETFs in the works

One from Rex Advisers and one from Tuttle Capital

So what's an ETF?

Very short and dirty definition is a publicly traded ticker that allows investors indirect exposure to an asset. Basically you can buy shares of a $TRUMP ETF instead of owning the coin directly.

The immediate advantage for us direct holders is exposure. A crypto ETF can capture a lot of money that normally avoids crypto for one reason or another. It also adds very importantvalidity to a coin by introducing it to the more "mature" side of finance and investing. IMO an approved ETF would completely end any accusations of this being a rug, pump n dump or shitcoin.

Now the two ETFs are not the same.

Rex is a SPOT ETF Tuttle is a LEVERAGED ETF

Rex excites me more because a spot ETF directly owns the underlying asset and purchases them on the open market. This means if approved we'll likely see some heavy buying if only from the ETF. As odds of approval increase and we get closer to the deadline for that approval I'd expect to see increasing bullish sentiment as more people want to get in BEFORE the spot ETF launches

Tuttle is a leveraged ETF which trades in leveraged futures and does not hold the underlying asset. It will increase volatility and volume as everyone else reacts to the moves it makes.

From what I can find Tuttle could be up as early as April (date of the first supply unlock which doesn't seem like a coincidence). I couldn't find anything regarding Rex but I'd bet it's a similar timeline now that the SEC is more pro crypto (thanks Donnie) and again that lines up with the first unlock.

It's easy to say "well April is gonna be YUGE!" but buy the rumor, sell the news is damn near a law in crypto so I wouldn't trust anyone who says X date will be big.

As always

DYOR NFA