REX Urges Strict Vetting for Meme & SOL Crypto ETF Approval
REX Financial CEO Greg King has urged crypto ETF issuers to implement strict token vetting, warning that most cryptocurrencies outside the top 10 by market cap are highly suspicious.
He expects a modest increase in crypto ETF filings, focusing on multiple funds per leading coin rather than a broad surge in new products.
REX Financial is currently awaiting SEC approval for meme token ETFs tracking BONK, TRUMP and DOGE.
King also highlighted REX’s recently launched Solana ETF, which offers staking rewards exposure, and argued that Solana (SOL) could lead the next wave of stablecoin development due to its high throughput.
Nine firms, including VanEck, Bitwise and Grayscale, have filed for spot Solana ETFs, with approval anticipated by October. Analysts believe these crypto ETF offerings will clear the SEC, driving further growth in the crypto ETF market.
Bullish
The news is bullish for SOL and major meme tokens like DOGE, BONK and TRUMP, as it signals growing institutional demand through upcoming crypto ETF products. In the short term, anticipation of SEC approvals—particularly by October—could drive speculative inflows and price momentum for these tokens. Over the longer term, broader availability of targeted crypto ETFs will diversify investor participation and enhance market stability, supporting sustained price appreciation. Strict token vetting may also filter low-quality assets, concentrating capital into higher-quality projects, further strengthening market fundamentals.