Wall Street’s Next Absurd Bet? Memecoin ETFs Could Be Inbound

Forget Bitcoin—the real financial innovation might be a Dogecoin ETF. Analysts whisper that memecoins, the internet’s favorite joke assets, are next in line for the institutional treatment. Because nothing says 'mature market' like betting your retirement on a Shiba Inu.

Pump-and-dump schemes? Nah, we call it 'portfolio diversification' now. TradFi’s desperate crypto FOMO meets degenerate internet culture—what could go wrong?

One thing’s certain: the SEC will love this. Just kidding—they’ll fight it tooth and nail until BlackRock files the paperwork.

Doge ETF approval stalls 

Over the past months, the Securities and Exchange Commission (SEC) has received several applications for spot exchange-traded funds tied to Dogecoin. Bitwise Asset Management was among the first to file with the commission in January, followed by others including 21Shares, Grayscale, and Rex Shares.

However, the SEC has continued to delay its decision, leaving the approval process in limbo. The delay has lowered market expectations for approval this year, with Polymarket data now showing only a 44% chance. This number is down from previous highs above 70%, reflecting waning confidence among investors and market watchers.

Analysts have noted that the controversial nature of memecoins remains one of the biggest hurdles to an ETF approval. However, with evolving regulations and a fast-growing ecosystem worth over $60 billion in market cap, optimism persists that these ETFs could still have a shot.