Issuers of crypto exchange-traded funds ought to fastidiously take into account which cryptocurrencies to supply publicity to of their funds, as many of the crypto market is “fairly sketchy,” REX Monetary CEO Greg King stated.
“Crypto will get fairly sketchy beneath the highest 10, definitely beneath the highest 20,” King informed Bloomberg’s ETF IQ on Monday.
“There’s some vital selecting and selecting that has to occur by issuers there,” he added.
King stated he didn’t assume there could be “an enormous explosion” in ETF filings for numerous cryptocurrencies, however predicted “a whole lot of funds per coin.”
ETF issuers have rushed to get approval for a number of crypto funds after the success of spot Bitcoin (BTC) ETFs, and because the Securities and Alternate Fee below US President Donald Trump has taken a friendlier tone with the sector.
REX is ready for approvals for ETFs tied to memecoins — cryptocurrencies with no intrinsic worth — which might monitor Bonk (BONK), Official Trump (TRUMP) and Dogecoin (DOGE), which is at present the tenth largest cryptocurrency by market worth.
King touts Solana as “the longer term” for stablecoins
In early July, REX Monetary launched a Solana (SOL) ETF that included publicity to staking rewards, payouts given to those that lock up tokens to assist the blockchain.
REX Monetary CEO Greg King believes Solana is the story of stablecoin’s future over Ethereum. He speaks with @EricBalchunas on “ETF IQ” https://t.co/aVEoiSkzfo pic.twitter.com/iQx9g4oYJg
— Bloomberg TV (@BloombergTV) August 25, 2025
King stated that Solana is “quicker and extra designed for prime processing pace,” and that it’s been ignored as a blockchain for stablecoins, that are largely widespread on rival blockchain Ethereum.
“Frankly, after I noticed the massive debate come out about stablecoins being all constructed on ETH [Ethereum], I used to be like ‘this can be a large oversight.’ I believe Solana is definitely the story for the longer term so far as stablecoins go.”
“Lots of people assume that Solana is the up-and-comer that’s going to kind of dethrone Ethereum,” he added. “It’s a really controversial debate. I in all probability made buddies and enemies by even suggesting that.”
Count on extra ETFs per cryptocurrency
King additionally addressed expectations that many crypto ETFs shall be launched within the coming months, saying he thinks there shall be “considerably of an explosion.”
“The place else in ETF land did you’ve six, eight, 10, 12 individuals lining as much as launch the identical actual factor time and again like we’ve seen with a Bitcoin ETF after which with ETH, now with Solana,” he added.
“These numbers simply multiply, and I believe you’ll proceed to see that,” King stated.
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He added that Solana was a “nice candidate” for a spot ETF, saying its “fairly fascinating as a portfolio funding” attributable to its rivalry with Ethereum and its comparatively “a lot bigger staking reward.”
9 line up for Solana ETF
There are at present nine issuers which have filed to launch a spot Solana ETF, with VanEck, Bitwise, Grayscale, 21Shares, CoinShares, Canary Capital, Franklin Templeton, Constancy Investments and a joint fund by Invesco and Galaxy Digital within the combine.
The SEC is predicted to clear them for buying and selling by October; analysts and prediction market bettors have signalled that the funds will almost certainly be accredited.
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