Nasdaq and 21Shares File for Dogecoin ETF: Meme Coin Goes Mainstream
Wall Street’s latest gamble? Turning internet jokes into regulated assets. Nasdaq and 21Shares just filed paperwork for a Dogecoin ETF, proving even institutional investors can’t resist the siren song of meme economics.
The move comes as crypto markets show renewed bullish momentum—though skeptics note this might just be another case of ’when the ducks quack, feed them.’
Key details remain scarce, but one thing’s clear: the line between speculative asset and cultural phenomenon just got blurrier. Will the SEC play along, or is this another case of financialization chasing viral trends?
Bitcoin Price Forecast: BTC eyes $100,000 amid Arizona Reserve plans, corporate demand, ETF inflows
Bitcoin (BTC) price is stabilizing around $95,000 at the time of writing on Tuesday, and a breakout suggests a rally toward $100,000. The institutional and corporate demand supports a bullish thesis, as US spot Exchange Traded Funds (ETFs) recorded an inflow of $591.29 million on Monday, continuing the trend since April 17. Moreover, MicroStrategy (MSTR) announced that it had acquired 15,355 BTC for $1.42 billion, and the US state of Arizona passed a bill that allows the state treasurer and retirement system to invest up to 10% of available funds in digital assets, specifically BTC.
Meme coins to watch as Bitcoin price steadies
Bitcoin (BTC) is consolidating at $95,045 at the time of writing on Tuesday, following three consecutive weeks of gains, and maintaining a steady uptrend despite a rejection at $95,758 on Friday. With BTC showing signs of a potential surge beyond $100,000, investors might explore meme coins like Trump Official (TRUMP) and dogwifhat (WIF), which could offer higher profit margins.
Cardano Lace Wallet integrates Bitcoin, boosting cross-chain capabilities
Cardano (ADA) co-founder Charles Hoskinson announced Monday that Bitcoin (BTC) is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality. The news failed to move Cardano’s price significantly, with ADA trading in a narrow range near $0.70 at the time of writing on Tuesday, but it suggests a positive outlook for the token.
