Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Bobcrypto on January 23, 2025, 03:02:56 PM
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As if the era of ETF is slowing down, there are reports making the news on some news platform that Meme ETF is beaconing. It may be surprising because while many utility project tokens are actually waxing stronger to obtain the ETF registrations with some delays, some notable Meme coin like the Dogecoin, Bonk, and even the newly Trump meme coins has also filed for a meme ETF registrations with the SEC.
Obviously, this could be the influence of the new regime and i think the registration of these meme ETF may succeed faster than some of the utility tokens like Ripple, Solana ETF applications and registrations respectively. what are your opinions about a Meme ETF coming into the crypto space?
Check it here: https://cointelegraph.com/news/trump-doge-bonk-etf-approvals-more-likely-new-sec-leadership a
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It seems that meme is getting bigger than its real effect, it started as a joke and now some people want to create a meme ETF, but the simple question is what makes a cryptocurrency memecoin? The definition of memecoins is very general and any token with bio pic that looks funny can be considered a memecoin.
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As if the era of ETF is slowing down, there are reports making the news on some news platform that Meme ETF is beaconing. It may be surprising because while many utility project tokens are actually waxing stronger to obtain the ETF registrations with some delays, some notable Meme coin like the Dogecoin, Bonk, and even the newly Trump meme coins has also filed for a meme ETF registrations with the SEC.
Obviously, this could be the influence of the new regime and i think the registration of these meme ETF may succeed faster than some of the utility tokens like Ripple, Solana ETF applications and registrations respectively. what are your opinions about a Meme ETF coming into the crypto space?
For me, DOGE Spot ETF is entirely feasible because it has a large community and traditional investors have a real need to invest in DOGE. Although it is a memecoin, DOGE is very special and is closer to BTC than any other memecoin. Spirit Blockchain Capital is even accumulating DOGE as a strategic reserve asset.
In the event that we will have a DOGE Spot ETF, it will also not destroy the crypto ETF space, but traditional investors will have an additional financial product to diversify their investments. I am sure that if this happens, DOGE price will increase extremely strongly due to the FOMO from crypto community.
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This possibly is going to be a welcome development, as this could be a step up for the memecoins that are just seen as fun coins and probably has no utility. It'll be a big boost for the memecoins and correspondingly a reason for people to invest on them.
But on the other hand as Dmitrij Radin, the founder of Zekret said “But let’s not forget that these memes ride on cultural momentum and speculative frenzy, missing the underlying value and leading to extremely high volatility.”
The volatility of these memecoins also should be considered since they're price pump or dump is mostly based on hypes and speculations.
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So what started as a JOKE is now a serious business and for Pete's sake they would even have their own ETFs too...that is if the new SEC Chairman would love and be excited with the idea. Well, in the world of investing especially in cryptocurrency it is usually the voice and the demand of the big and small investors that may have the most influence in the end. Personally, I am not into memecoins and I have a neutral stand on this issue. Now, if an ETF for memecoins may come true we could be sure there will be a lot bigger explosions for the memecoin sector as it would be sending the biggest signal that memecoins are here to stay and doing business with them can be so legit and of course can be bringing in the ROI not seen before.
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Too bad most meme coins would be dead from the time they try to submit and ETF listing and the time it would be approved, which most likely won't.
The madness must stop and must stop now, all that crypto was about has turned into a joke where only money matters, the markets are manipulated, rugpuls left and right, and absolutely nothing of value has been actually constructed, we made more progress in terms o privacy and decentralization in the first 4 years than we have made in the last 4.
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As if the era of ETF is slowing down, there are reports making the news on some news platform that Meme ETF is beaconing. It may be surprising because while many utility project tokens are actually waxing stronger to obtain the ETF registrations with some delays, some notable Meme coin like the Dogecoin, Bonk, and even the newly Trump meme coins has also filed for a meme ETF registrations with the SEC.
I don't think these platforms are serious with ETFs they are just trying to create a hype in crypto space among newbies so they would start accumulating these memes and the prices of these memes could rise. Because we all know etf of meme coins are never going to be approved. The funny thing is I saw this news when Trump meme coin was released and the social media was full of posts where they were praising meme coins.
So, according to the trend, the news came that some platforms have applied for ETF in Doge and Bonk I mean seriously, okay, I understand that Doge has some potential, but why Bonk? haha it's total manipulation by big players? we should not fall for it unless we are smart enough to make profit from these events.
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As much as I like making profits from crazy development, I sincerely hope it won't become the norm. Even if the government lays out strict criteria for a meme token before an ETF is approved, scammers will use this to launch more meme tokens and claim they will try to apply for an ETF just to create hype. Not to mention that if the government changes, it can easily use this terrible practice to once again limit crypto and its development. It's easy to spin the narrative and say that crypto is the only tool for whales to make money from retail because of this while giving no actual value to economic development. CMIIW.
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For me, DOGE Spot ETF is entirely feasible because it has a large community and traditional investors have a real need to invest in DOGE. Although it is a memecoin, DOGE is very special and is closer to BTC than any other memecoin. Spirit Blockchain Capital is even accumulating DOGE as a strategic reserve asset.
In the event that we will have a DOGE Spot ETF, it will also not destroy the crypto ETF space, but traditional investors will have an additional financial product to diversify their investments. I am sure that if this happens, DOGE price will increase extremely strongly due to the FOMO from crypto community.
I am not against Doge ETF, but if that really happens, you will see more meme tokens try to get ETF registration, which can actually destroy the market. These Meme tokens are extremely volatile, and people will have a pretty bad experience with them. General investors who do not know much about crypto will think these Meme ETFs are the same as other ETFs like Bitcoin.
Which will lead them to a loss. These meme ETFs will break the concept of market investments. So, even if Doge ETF gets approved, I am against the other meme ETF. SEC should not approve them.
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It seems that meme is getting bigger than its real effect, it started as a joke and now some people want to create a meme ETF, but the simple question is what makes a cryptocurrency memecoin? The definition of memecoins is very general and any token with bio pic that looks funny can be considered a memecoin.
that is because that is really what memecoin is
a memecoin is any coin that is inspired from a funny internet meme or personality it is an easy definition but i think that there has been confusion within the community which is why the definition gets blurry but the truth is it is not that difficult to understand but these days people like to call everything memecoins even if they are not inspired by any meme or internet joke
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As if the era of ETF is slowing down
I don`t really think that ETF is slowing down at all. People are talking about creating new ETF every day... This is a very profitable industry, they will make money just by making the custody of the coins in the ETF.
For me, DOGE Spot ETF is entirely feasible because it has a large community and traditional investors have a real need to invest in DOGE. Although it is a memecoin, DOGE is very special and is closer to BTC than any other memecoin. Spirit Blockchain Capital is even accumulating DOGE as a strategic reserve asset.
In the event that we will have a DOGE Spot ETF, it will also not destroy the crypto ETF space, but traditional investors will have an additional financial product to diversify their investments. I am sure that if this happens, DOGE price will increase extremely strongly due to the FOMO from crypto community.
I am not against Doge ETF, but if that really happens, you will see more meme tokens try to get ETF registration, which can actually destroy the market. These Meme tokens are extremely volatile, and people will have a pretty bad experience with them. General investors who do not know much about crypto will think these Meme ETFs are the same as other ETFs like Bitcoin.
Which will lead them to a loss. These meme ETFs will break the concept of market investments. So, even if Doge ETF gets approved, I am against the other meme ETF. SEC should not approve them.
DOGE certainly is the best memecoin to make an ETF. Largest marketcap, oldest memecoin, elon musk support, etc.... I think DOGE ETF makes sense. About the other memecoins, maybe create and ETF like a memecoin index with the largest memecoins...
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DOGE has tons of investors and I think even the institutions are also trying to buy more of it as well. If they will add more they are probably to ones supported by big names like SHIB and Trump coin. New SEC in Trumps admin will change everything.
I doubt there will be more of it but Crypto reserves will be another story. ETFs on Europe is also another story.
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DOGE certainly is the best memecoin to make an ETF. Largest marketcap, oldest memecoin, elon musk support, etc.... I think DOGE ETF makes sense. About the other memecoins, maybe create and ETF like a memecoin index with the largest memecoins...
I have the same feelings about Memecoin ETF. I will support only Dogecoin ETF because of the mentioned reason. Since Dogecoin is the oldest coin and is widely used, it has a big userbase and a big fanbase as well, Elon Mask supports Dogecoin, what do you need more to support Dogecoin ETF?
But if other shitcoin owners think they would be able to approve their shitcoin ETF as well, they should keep dreaming about it. Even if they finally manage to approve their own ETF, I don't think many investors will try them.
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But if other shitcoin owners think they would be able to approve their shitcoin ETF as well, they should keep dreaming about it. Even if they finally manage to approve their own ETF, I don't think many investors will try them.
I believe investors will just go wherever they think they will make money. Unfortunately, there is plenty of dumb money around, just moving from one memecoin to another, looking for a quick pump and dump scheme.
Maybe SEC will block those memecoins ETF, because I don't think they are healthy for the ecosystem and for the traditional markets.
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I believe investors will just go wherever they think they will make money. Unfortunately, there is plenty of dumb money around, just moving from one memecoin to another, looking for a quick pump and dump scheme.
That is why the SEC should not allow these Memecoin ETFs. Imagine an average investor who did not know how volatile a memecoin could be, but he invested in one of them. The market fluctuated a lot and all of a sudden, their hundred thousand dollars became only $2K. How do you think someone will take it?
They will call it scam. But the reality is, These memecoins are extremely volatile due to low marketcap and being more decentralized. In most cases, the token developers crate loop holes in the code which they use later to increase the supply and dump it to the market.
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For me, DOGE Spot ETF is entirely feasible because it has a large community and traditional investors have a real need to invest in DOGE. Although it is a memecoin, DOGE is very special and is closer to BTC than any other memecoin. Spirit Blockchain Capital is even accumulating DOGE as a strategic reserve asset.
I agree that an ETF approval for Dogecoin may come sooner than expected, among the many possible memecoins in the market. As one of the most popular OG memecoins, Doge has had proven to be a lot solid and stronger than other memecoins old and new. And of course, we know it is being supported by no less than Elon Trump who is now a prime figure personality under the Trump administration. I would say that if SEC will eventually approve spot ETF for Dogecoin, we can be entering a new era in the cryptocurrency industry where memecoins can be taking a wider acceptance and value not seen before.
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That is gonna make the space uglier if that happens. And what will happen is that ETF's might be the main thing in the future because it's backed by the government and institutions rather than going with the actual crypto whether they are the memes or the typical altcoins that we own. While the possibility is there for this but I find it odd at the beginning but soon, if it's approved, we will eventually accept it.
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They will call it scam. But the reality is, These memecoins are extremely volatile due to low marketcap and being more decentralized. In most cases, the token developers crate loop holes in the code which they use later to increase the supply and dump it to the market.
Probably only large marketcap coins will become ETF. There won't be an ETF for those very small memecoins.
You will probably find those in mutual funds or other kind of active funds. Not in ETF..
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Yeah, I was expecting news like this to come out after they named an organization as D.O.G.E. I personally think it should not happen because it will probably create more problems and work in the future. Dogecoin is fine but more and more new memes will try to apply if this gets approved.
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Probably only large marketcap coins will become ETF. There won't be an ETF for those very small memecoins.
You will probably find those in mutual funds or other kind of active funds. Not in ETF..
I would be very happy if there was no Memecoin ETF. But if the SEC approves at least one, that should be the Dogecoin ETF, and I cannot think of any other memecoin ETF. Believe me, that will destroy the market. That Trump meme is pretty much a planned scam that people didn't get. There is a rumor that Trump's son did all these things and dumped their allocation when the price was skyrocketing. Basically, they made billions of dollars. The token has 1 Billion total supply, and only 200 Million is in circulation. With this 200 million circulation, total marketcap reached 25 Billion dollars which is now only 6 billion dollars. Do you understand what happened? I believe trump will face legal problems in the future for this. SEC should not approve any Memecoin ETF at this moment.
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They will call it scam. But the reality is, These memecoins are extremely volatile due to low marketcap and being more decentralized. In most cases, the token developers crate loop holes in the code which they use later to increase the supply and dump it to the market.
Probably only large marketcap coins will become ETF. There won't be an ETF for those very small memecoins.
You will probably find those in mutual funds or other kind of active funds. Not in ETF..
Well, if the first batch of these meme coins ETF is approved by SEC, I think that many other meme ETF may get the chances of the SEC approval in near future. In fact, marketcap of meme projects grows with time, and as long as there are consistent marketing and promotions, it will be obvious that most of the Meme coins out there will archive the required volume to get the ETF approval in near future.
In my opinion, i think that marketcap may not pose any obstacles for meme coin ETF registrations because market grows over times.
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In my opinion, i think that marketcap may not pose any obstacles for meme coin ETF registrations because market grows over times.
Not all of them will grow
Most of them will just vanish and their marketcap will go to zero.
ETF companies do not want to hold those bags if that happens, so they will chose large cap tokens. This is how it has been since the first crypto ETFs around the world
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ETF companies do not want to hold those bags if that happens, so they will chose large cap tokens. This is how it has been since the first crypto ETFs around the world
It is too easy to manipulate the market for low-cap coins. If a token has a 50 million worth of market cap and they get ETF registration, the token will be volatile as fuck. Can you imagine a $1 billion dollars trading volume in 24 hours with a token whose market cap was 50 million only before the ETF registration? The token will face huge volatility if that happens.
So, bobcrypto, I am sorry, but I disagree with your point of view. SEC have to check a lot of things before they approve any ETF. It is for investors safety.
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I never expected to see a Meme ETF, but in the era of Trump and Elon Musk anything is possible, even things that seemed crazy or impossible before are now happening with ease.
It was difficult to get Ether, Solana and Ripple ETFs approved and now it seems that the Meme ETF will get approved with ease and the most likely candidates are of course Dogecoin and Trump meme, times change and concepts change.
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It's scary.. even though this is still an application when looking at the Bitcoin ETF process which is having a hard time getting accepted, and when DOGE can easily get ETF approval, that means ETF will become a very strategic asset price manipulation tool... at least it needs special qualifications so that coins that don't have quality are also filtered out...
There should be a new standard for cryptocurrencies that apply for ETFs so that only cryptocurrencies with good stability are allowed... memecoins still seem to be very volatile and unstable.
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It's scary.. even though this is still an application when looking at the Bitcoin ETF process which is having a hard time getting accepted, and when DOGE can easily get ETF approval, that means ETF will become a very strategic asset price manipulation tool... at least it needs special qualifications so that coins that don't have quality are also filtered out...
I don't think obtaining the ETF approval will be that easy. But yeah, things changed a lot since Trump was elected as president. As you can see, he has been keeping his promises, and now the members owners are thinking of applying for ETF approval. Even if Dogecoin gets ETF approval, I don't think other Memecoins will get ETF approval anytime soon.
But if it happens, we are going to see some huge manipulation on the market. Imagine new Trump meme got ETF approval just because of it's name and they unlock the rest 800 million supply into the circulation and dump them periodically on the market, it will be a huge scam but people won't get it.
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I don't think a meme etf is going to be approved, meme coins are a joke, no utility whatsoever. I know that people are simply looking for ways to make more money, but there is so much risk in exposure to meme coins and it becomes worse when a meme etf is launched, in my opinion it would not happen.
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Well, i understand that nothing seems impossible on the crypto space, and despite our collective experiences on the crypto community, meme is actually a joke coin but if notable influencers surfaced, i think these idea behind the meme coins ETF may materialize.
I think if some high profile persons are pushing for this EFF, you may agree with me that meme ETF may scales through SEC approval because of what they seem to be. I probably think that Elon Musk, Donald Trump and others might be some of the meme coins ETF sponsors in my opinion.
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I probably think that Elon Musk, Donald Trump and others might be some of the meme coins ETF sponsors in my opinion.
I do not support any kind of MEME ETF to be approved. But I won't be surprised if Elon Mask actually supports the Dogecoin ETF and pushes the SEC to approve it. But believe me, if the SEC does not approve, Elon mask cannot do anything. I don't think Trump will talk about these shits. But if his sons propose Trump meme ETF, then they may get approved. But this will be a huge scam. Don't you think Elon mask would do something if he had any influence when Bitcoin ETF proposal was pending? But he didn't. I don't know if he will push for Dogecoin ETF approval, but I don't think he will push for any other memecoins.
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There should be a new standard for cryptocurrencies that apply for ETFs so that only cryptocurrencies with good stability are allowed... memecoins still seem to be very volatile and unstable.
Actually we don't need new standard...the standard is already there and that is why it took a lot of time for SEC to approve ETFs for Bitcoin and Ethereum. Just because the SEC is under the new administration does not mean that things will be rushed blindly most especially on the topic of a possible memecoin ETF. In my view, in case the SEC would have the time for another ETF applications they would first concentrate on those connected with XRP and even Solana. The thing is that this is just another speculation as there is no official announcement from SEC on this matter...so we are just expressing our advanced opinions here coupled with fantastic details.
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There should be a new standard for cryptocurrencies that apply for ETFs so that only cryptocurrencies with good stability are allowed... memecoins still seem to be very volatile and unstable.
Actually we don't need new standard...the standard is already there and that is why it took a lot of time for SEC to approve ETFs for Bitcoin and Ethereum. Just because the SEC is under the new administration does not mean that things will be rushed blindly most especially on the topic of a possible memecoin ETF. In my view, in case the SEC would have the time for another ETF applications they would first concentrate on those connected with XRP and even Solana. The thing is that this is just another speculation as there is no official announcement from SEC on this matter...so we are just expressing our advanced opinions here coupled with fantastic details.
Okay.. the previous standard for Bitcoin did sound very strict.. even though it was under a government that was not pro-cryptocurrency... looking at the current conditions, some altcoins are starting to try to flood the SEC with several applications,,, we see DOGE, SOL, Polkadot, HBAR and XRP... some coins that are on the top board.. are indeed very reasonable and worthy to be submitted... but, coins that don't even touch the top 10, it's like testing the leniency of the rules applied by the SEC... in the end, ETFs will be the trump card for those who run out of ideas to increase popularity and get a bullish moment quickly..
SEC is being tested by altcoin...
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There should be a new standard for cryptocurrencies that apply for ETFs so that only cryptocurrencies with good stability are allowed... memecoins still seem to be very volatile and unstable.
Actually we don't need new standard...the standard is already there and that is why it took a lot of time for SEC to approve ETFs for Bitcoin and Ethereum. Just because the SEC is under the new administration does not mean that things will be rushed blindly most especially on the topic of a possible memecoin ETF. In my view, in case the SEC would have the time for another ETF applications they would first concentrate on those connected with XRP and even Solana. The thing is that this is just another speculation as there is no official announcement from SEC on this matter...so we are just expressing our advanced opinions here coupled with fantastic details.
Okay.. the previous standard for Bitcoin did sound very strict.. even though it was under a government that was not pro-cryptocurrency... looking at the current conditions, some altcoins are starting to try to flood the SEC with several applications,,, we see DOGE, SOL, Polkadot, HBAR and XRP... some coins that are on the top board.. are indeed very reasonable and worthy to be submitted... but, coins that don't even touch the top 10, it's like testing the leniency of the rules applied by the SEC... in the end, ETFs will be the trump card for those who run out of ideas to increase popularity and get a bullish moment quickly..
SEC is being tested by altcoin...
When ETH ETF was approved, a lot of us are already speculating which one is the next that could be approved. And we are not disappointed because the institutions that filed for BTC and ETH ETFs are also the ones filing for some Atlcoins ETF.
They are likely to be approved, it only needs time just like how they approved ETH. They need timing to do this and most probably these institutions are also accumulating for now.
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looking at the current conditions, some altcoins are starting to try to flood the SEC with several applications,,, we see DOGE, SOL, Polkadot, HBAR and XRP... some coins that are on the top board.. are indeed very reasonable and worthy to be submitted...
it does help that the sec now is full of members who understand crypto and are on board with expanding crypto industry i also like that they are not just pro crypto for the profit a lot of the members of sec even the chair genuinely understand the importance of blockchain tech
SEC is being tested by altcoin...
sec would want to accommodate as much altcoins as much as they can but they also have to be objective but they would not want to see anti crypto but you are right that some memecoins may be pushing the boundaries too much crypto is a very promising industry but right now there are still many useless memecoins that do not need to be given attention to
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Yes, It look like meme coins has taken over the crypto bulk capital, it is obvious on the numbers of meme coins that are entering into the market on the daily basis, and the volume of investors funds that are currently being flowing on the meme coins market.
I am sure that memes has become a big investments alternative to utility tokens this days, probably the profit that are being generated on the meme coin space is attractive to most investors. I am hoping that this meme coin frency will soon experience a reversal, definitely to the utility tokens in near future.