🐕‍🦺 Woof, Woof! Bitwise Files for DOGE ETF, Prepare for a Doggone Shenanigans 🔮

Hold on to your Doge-themed socks, folks! 🧦 Bitwise, the crypto company known for its questionable dance moves, has just filed for a Dogecoin ETF through a trust in Delaware. This is like putting your Dogecoins in a trust fund for awkward teenagers. 😂

But wait, there’s a catch: it’s just a registration for the trust. They still need to give the big boss, the SEC, a formal application for approval. Think of it as trying to buy a car but only getting a loan application approved. 😅

🐶 Meme Coins: The New Hotness?

Since the SEC’s boss, Mr. Gary Gensler, retired last week, ETF filings have been popping up like whack-a-moles at a carnival. And guess what? Meme coins are getting all the attention! 💖 Rex Shares is over there applying for ETFs for all kinds of random coins, including TRUMP, BONK, and DOGE. It’s like a digital meme buffet! 🍖

Just today, BONK jumped in price like a kangaroo on caffeine after Rex Shares filed its ETF. It’s like everyone is suddenly saying, “Hey, BONK may be a joke, but it’s a joke I’m willing to invest in.” 💸 Dogecoin is next in line, so get ready to see some tail-wagging price action if the ETF gets approved. 🐾

Bitwise’s Matt Hougan is the guy who said back in the ancient times of September 2024 that meme coins and Solana might be the future of ETFs. Good call, Matt! You’re like the Nostradamus of meme coins. 🔮

🎩 Institutional Interest in Memes

Meme coins are the new black. Well, not really, but they’re definitely getting attention. The US President has his own TRUMP coin, which has made them a thing even outside the crypto world. 🌎

Turns out, 40% of TRUMP coin buyers were newbies to crypto. That’s like discovering garlic bread for the first time. 🍞 Crypto companies are catching on to the meme craze, which is why Bitwise is rushing to make a Dogecoin ETF. 🏃‍♂️💨

Even Floki is getting in on the action, planning an exchange-traded product (ETP) in Europe. It’s like the Wild West out there, minus the horses. 🐎

Meanwhile, analysts are saying Litecoin might be the next altcoin to get an ETF after Ethereum. Nasdaq is already on the case, filing a form with the SEC. It’s like a friendly game of poker, with Litecoin as the ace up their sleeve. 🃏

So, there you have it. Meme coins are taking over the financial world, one ETF application at a time. Get ready for a roller coaster ride of laughter, confusion, and possibly some profit. 🎢

2025-01-23 02:50

🐶 Meme Coins: The New Hotness?

🎩 Institutional Interest in Memes

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