Crypto
crypto
Tom Jones

Copycats have rushed to cash in on the buzz around $TRUMP coin

If imitation is the sincerest form of flattery, then the team behind the president’s meme coin must be positively blushing. After analyzing the holdings of the official Trump coin wallet, the Financial Times reported that in the last three weeks alone, some 736 meme coins have been deposited into Trump’s digital wallet in “apparent attempts to suggest his endorsement.”

Crypto chancers have been rushing to associate their creations with President Trump ever since he and Melania launched their own coins ahead of his inauguration in January. After the president’s official meme coin ($TRUMP) surged to hit an implied market value of ~$70 billion at its peak, the number of “copycat” coins jumped — with more than 160 created since January 18.

According to the FT’s research, people have put 192 copycat coins named after Trump or members of his family into his wallet, with 30 referencing his son Barron alone. Interestingly, there are 35 meme coins with “Elon” or “Musk” in their names in there, too.

Last week, the Trump Media & Technology Group launched financial services and fintech brand Truth.Fi, and yesterday it emerged that it had also filed a trademark for a bitcoin “plus” ETF.

Trump’s memecoin inspires wave of copycats

Trump’s memecoin inspires wave of copycats

Crypto chancers have been rushing to associate their creations with President Trump ever since he and Melania launched their own coins ahead of his inauguration in January. After the president’s official meme coin ($TRUMP) surged to hit an implied market value of ~$70 billion at its peak, the number of “copycat” coins jumped — with more than 160 created since January 18.

According to the FT’s research, people have put 192 copycat coins named after Trump or members of his family into his wallet, with 30 referencing his son Barron alone. Interestingly, there are 35 meme coins with “Elon” or “Musk” in their names in there, too.

Last week, the Trump Media & Technology Group launched financial services and fintech brand Truth.Fi, and yesterday it emerged that it had also filed a trademark for a bitcoin “plus” ETF.

More Crypto

See all Crypto
$1.2B
Yaël Bizouati-Kennedy

XRP ETFs have now crossed $1 billion in assets since the funds launched, according to SoSoValue, which shows total assets of $1.18 billion.

In September, the SEC approved generic listing standards, which paved the way for speedier listings and opened the floodgates for these products, and shortly after, Rex-Osprey launched the first spot XRP ETF available in the US.

Canary followed suit in November, launching an ETF trading on the Nasdaq under the ticker XRPC, which saw a record $58.5 million in trading volume on its first day. It’s the largest XRP ETF in the US, with $342 million in assets.

Grayscale, Bitwise, and Franklin Templeton also launched their own XRP ETFs in November. On December 11, 21Shares joined the XRP fund party.

It’s a noteworthy green shoot in the crypto space, as bitcoin and its ETFs have struggled, and XRP itself is down nearly 15% over the past month.

Jake Hanley, managing director and senior portfolio specialist at Teucrium Investment Advisors — which launched the first-ever XRP-based ETF in April, the 2x Long Daily XRP ETF — told Sherwood News that he is not surprised to see this level of interest in the XRP ETFs.

“We have long held that XRP and the Ripple ecosystem present a unique investment case among crypto assets. Crossing the $1 billion mark is yet another signal of the significant vote of confidence investors have in this increasingly important asset and ecosystem,” Hanley said.

Yaël Bizouati-Kennedy
12/10/25
Bitcoin rebounds but FOMC will set tone for Santa rally

Bitcoin symbol
crypto
Sage D. Young

New bitcoin AfterDark ETF will be bitcoin at night, Treasurys by day

Tidal Trust II submitted form N-1A with the SEC to register a bitcoin ETF designed to systemically capture the cryptocurrency’s overnight return profile, a time window that delivered a significant portion of bitcoin’s upside last year.

The Nicholas Bitcoin and Treasuries AfterDark ETF provides long bitcoin exposure during US overnight hours, from the closing bell until the following morning’s market open, when the fund intends to unwind its positions, according to a document filed with the SEC on Tuesday. 

To gain that exposure, the ETF may use a number of methods, including bitcoin futures contracts, US-listed ETFs, or exchange-traded options on such bitcoin underlying funds. When the market is open and daytime trading is active, the fund’s portfolio will consist of US Treasury securities and other cash equivalents. 

In 2024, most of bitcoin’s gains occurred after-hours, senior Bloomberg ETF analyst Eric Balchunas reported:

The AfterDark ETF filing comes as bitcoin crossed $94,000 on Tuesday, rising 4.5% in the last 24 hours. Even though spot bitcoin ETFs saw nearly $60.5 million in outflows on Monday, the investment vehicles have a cumulative net inflow of $57.6 billion, per SoSoValue.

Yaël Bizouati-Kennedy
12/8/25
Bitcoin will “snapback or chop ahead of the Fed” decision

Traders on prediction markets are divided, giving an equal chance that bitcoin drops below $80,000 or rises above $100,000 this year.

Bitcoin symbol
Yaël Bizouati-Kennedy
12/2/25
Legendary short seller James Chanos on the problem with Strategy’s business model

The noise has grown louder about Strategy being in trouble, but most experts think Strategy can weather the current bitcoin downturn, though one critic predicts this is “the beginning of the end.”

Bitcoin Conference Draws Cryptocurrency Fans To Miami

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC