The REX-Osprey TRUMP ETF is a proposed cryptocurrency fund from REX Shares and Osprey Funds designed to track the performance of the TRUMP memecoin (“TRUMP” or the Reference Asset). Under normal market conditions, the fund intends to invest at least 80% of its net assets (before fees) in the TRUMP token or in derivative/swap contracts that replicate its price movements. If necessary, exposure can be achieved either through direct holdings of TRUMP or via an affiliated subsidiary known as the TRUMP Subsidiary.

Because TRUMP is a newly launched memecoin, the REX-Osprey TRUMP ETF comes with heightened volatility and risk. The fund’s prospectus notes that the TRUMP token saw rapid price swings shortly after its introduction, with swings in market capitalization and price that some investors may find extreme.