According to an analyst, active memecoin ETFs are likely to be launched next year. The current memecoin market capitalization exceeds $60 billion, which is larger than the combined market capitalization of Tron and Cardano. This shows the huge potential and market influence of memecoins.
The growing popularity of memecoins has attracted significant investment. Some memecoins have seen impressive gains. For example, in the past 90 days, MOG Coin has surged by 350%, and Brett has increased by 370%. Such performance has made memecoins the focus of investors.
In addition, regulatory changes may also promote the development of memecoin ETFs. With the change of the leadership of the US SEC, regulatory experts believe that this has opened the door for innovative financial instruments related to popular cryptocurrencies. The potential approval of memecoin ETFs could reshape investment strategies and redefine the interaction between the crypto market and traditional finance.
For example, 21Shares has submitted an application for a spot Dogecoin ETF to the SEC. If approved, it will be the first step for memecoin ETFs to enter the mainstream financial market. Analysts believe that if the SEC approves the listing of Dogecoin ETFs, it will be a huge boost to the memecoin market, and other memecoin – related financial products may also follow suit.
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