currencyjournals — Cryptocurrency asset administration firm Bitwise just lately filed an utility with the Delaware State Division of State Companies to register a Dogecoin-based trade traded fund (ETF).

is a digital foreign money broadly thought to be the leading edge meme coin, with a market capitalization of almost $52 billion. Meme cash have been gaining rising consideration of late, following the profitable introduction and subsequent surge of the Official Trump Meme Coin launched by former President Donald Trump, rising over 1056% since its launch final Friday. are recorded.

Billionaire entrepreneur Elon Musk is a well-known supporter of Dogecoin. He even selected to call the brand new Division of Authorities Effectivity (DOGE) he would oversee after a well-liked meme coin.

Bitwise’s utility to the Dogecoin ETF is the newest improvement within the rising interplay between conventional monetary and crypto markets. Nevertheless, it is very important notice that this utility is just step one in a probably lengthy regulatory course of and doesn’t assure approval for the Dogecoin ETF.

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