The ETF space, may welcome Meme ETF.

[Bobcrypto]

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

[hugeblack]

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.

[MrSpasybo]

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.

[Gposas]

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.

[TomPluz]

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.

[Stompix]

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.

[Faisal2202]

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.

[joniboini]

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.

[God Of Thunder]

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.

[bitterguy28]

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

[bitmover]

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...

[target]

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.

[God Of Thunder]

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.

[bitmover]

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.

[God Of Thunder]

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.