The ETF space, may welcome Meme ETF.

[TomPluz]

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.

[bhadz]

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.

[bitmover]

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..

[Zed0X]

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.

[God Of Thunder]

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.

[Bobcrypto]

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.

[bitmover]

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

[God Of Thunder]

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. 

[yhiaali3]

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.

[bayu7adi]

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.

[God Of Thunder]

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.

[Z-tight]

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.

[Bobcrypto]

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.

[God Of Thunder]

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.

[TomPluz]

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.