REX Financial CEO Greg King emphasized the need for careful selection among cryptocurrencies offered by exchange-traded funds (ETFs), stating that the crypto market becomes dubious below the top 10 or top 20 cryptocurrencies. He remarked on the necessity for issuers to be selective when deciding which tokens to include in their funds. While there has been a rush to obtain approvals for various crypto funds following the success of Bitcoin ETFs, King projected that there would not be a substantial influx of ETF filings but rather numerous funds tied to each coin. Notably, REX is awaiting approvals for ETFs based on cryptocurrencies that lack intrinsic value, such as Bonk and Dogecoin. King highlighted Solana as a promising candidate for stablecoin investments, citing its speed and superior staking rewards compared to Ethereum. Currently, there are nine proposals for Solana ETFs from various firms, with expectations that the SEC may approve them by at least October.

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