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Nasdaq Bets on the Meme: Dogecoin ETF Filing Paves Way for Wall Street’s Latest Crypto Circus
Nasdaq Bets on the Meme: Dogecoin ETF Filing Paves Way for Wall Street’s Latest Crypto Circus
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Nasdaq just lobbed a grenade into traditional finance—filing for the first-ever Dogecoin ETF. Because nothing says ’serious asset class’ like a Shiba Inu-themed currency with a 10,000% volatility range.
Wall Street’s embrace? More like a desperate bear hug. After missing Bitcoin’s rally, institutional players are now scrambling to package internet jokes as ’alternative investments.’ The SEC’s approval would mint Dogecoin as the ultimate Trojan horse—memes infiltrating pension portfolios.
Cynical take: When banks can’t beat crypto, they commodify it. Next up—NFTs backed by JP Morgan’s blockchain team (with 2008-style risk disclosures buried in 30-point font).
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