Nasdaq Goes Full Meme: Files for First-Ever Dogecoin ETF
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Wall Street’s latest desperation play? Turning internet jokes into ’investment products.’ Nasdaq just submitted paperwork to the SEC for a 21Shares-backed Dogecoin ETF—because apparently ’fundamentals’ now include Elon Musk tweets and Shiba Inu memes.
The move comes as exchanges scramble to cash in on crypto’s retail frenzy. Forget Bitcoin’s scarcity or Ethereum’s smart contracts—this ETF would track DOGE, the cryptocurrency that started as a literal parody of Bitcoin.
Regulators haven’t approved a single spot crypto ETF yet. But hey, if gambling apps can rebrand as ’sports betting platforms,’ why can’t a meme coin get the Wall Street treatment?
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