Meme Coin ETFs Proposed Amid Ethical Concerns
- Institutions took over a decade to accept Bitcoin (BTC) as an investment.
- Spot Bitcoin ETFs were adopted by pension funds, hedge funds, and universities.
- Filings with the SEC propose meme coin ETFs for Dogecoin (DOGE) and Trump coin (TRUMP).
- Meme coins lack utility compared to Bitcoin or Ethereum’s Ether (ETH).
- Over 30 ETF applications are pending, including three tied to meme coins.
- The former SEC under Chair Gary Gensler approved several spot Bitcoin and Ethereum ETFs.
The latest filings with the SEC aim to introduce meme coin ETFs like DOGE and TRUMP. While institutions have embraced Bitcoin ETFs, the legitimacy of meme coins remains debated. Over 30 ETF applications are pending approval, including those linked to meme coins.
Source (2.6)https://www.coindesk.com/business/2025/01/23/doge-and-trump-etfs-may-be-coming-but-should-institutional-investor-trade-them?rand=52298
