Dogecoin ETF: Bitwise Leads the Charge into Meme Coins

Bitwise, a leading crypto asset management firm, has filed a preliminary application for a Dogecoin ETF through a Delaware trust. While this marks a significant step, formal SEC approval is still required.

Meme coin ETFs are gaining traction, especially following Gary Gensler’s departure as SEC Chair. Recently, Rex Shares filed ETF applications for $TRUMP , $BONK , $DOGE , Bitcoin, and Ethereum. BONK’s price surged earlier today, fueled by investor interest after Rex Shares’ filing, hinting at potential price rallies for Dogecoin if its ETF gains approval.

Institutional interest in meme coins is growing. Reports show that 40% of TRUMP coin buyers are new to crypto, reflecting meme coins' broader appeal. Bitwise’s ETF could position Dogecoin as a gateway asset for retail investors.

Globally, meme coins are entering institutional markets. Floki plans to launch an ETP in Europe by early 2025. Meanwhile, Litecoin may become the first altcoin ETF after Ethereum, with Nasdaq filing for its listing.

With Bitwise leading the charge, meme coins could soon revolutionize retail investment markets.

Material prepared by the exchange: coytx.com

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