REX Financial CEO Greg King has cautioned that most cryptocurrencies outside the top 10 are risky, urging ETF issuers to be highly selective when introducing new crypto-based funds. In a recent interview with Bloomberg’s ETF IQ, King stated:
“Crypto gets pretty sketchy below the top 10, certainly below the top 20.”
This warning comes at a time when crypto ETFs are gaining momentum, following the success of spot Bitcoin ETFs and a friendlier regulatory stance under the Trump administration.
Why ETF Issuers Need to Be Selective
Greg King highlighted that there won’t be a massive surge in ETF filings for every cryptocurrency, but there will likely be multiple funds for major coins such as Bitcoin, Ethereum, and Solana. He explained:
“There’s some significant picking and choosing that has to happen by issuers.”
Currently, REX is awaiting approval for ETFs tied to memecoins like Bonk (BONK), Official Trump (TRUMP), and Dogecoin (DOGE)—cryptos with massive retail appeal but limited intrinsic value.
Solana: The Future of Stablecoins?
King expressed strong confidence in Solana (SOL), calling it “the future for stablecoins.” Unlike Ethereum, which dominates the stablecoin market, Solana offers higher processing speed and scalability, making it a strong candidate for future adoption.
“When I saw the debate about stablecoins being all built on ETH, I thought that was a huge oversight. Solana is actually the story for the future.”
With its fast transaction speed and larger staking rewards, King believes Solana could rival Ethereum, a view that has sparked significant debate in the crypto community.
Explosion of ETFs Coming?
The CEO predicts a wave of ETF launches per cryptocurrency, saying:
“Where else in ETF land do you have six, eight, 10, 12 people lining up to launch the same exact thing like we’ve seen with Bitcoin, ETH, and now Solana?”
Currently, nine issuers have filed to launch a spot Solana ETF, including VanEck, Bitwise, Grayscale, Fidelity, and Franklin Templeton. The SEC is expected to approve these ETFs by October 2025, which could boost institutional inflows into Solana.
Key Takeaways
- ETF issuers should focus on top-tier cryptocurrencies for investor safety.
- Memecoin ETFs are coming, with growing demand for Dogecoin and other meme-based assets.
- Solana could become a major player in stablecoins and institutional portfolios.
- Multiple ETFs per cryptocurrency will likely dominate the market in the coming years.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
