The SEC has acknowledged the filing of a new crypto ETF proposal by Grayscale.
That’s the same asset management firm that filed a bid to create a Solana ETF just four days ago.
However, this time around, the request is to create a Dogecoin ETF, which makes this the first attempt to launch a meme coin ETF under the pro-crypto Trump administration.
Grayscale’s submission proposes to transform the Grayscale Dogecoin Trust Fund into an ETF product, which would track $DOGE’s price on CoinDesk.
It’s worth noting that while Trust is a form of investment vehicle with limited liquidity, ETFs are publicly traded on exchanges.
If approved, this could be a massive boost to the whole meme coin community. As per the filing, more than 2,500 merchants accept $DOGE for everyday trade.
Although the SEC has been infamous for looking down upon meme coins, the introduction of Donald Trump has completely changed the regulatory body’s stance.
The new leadership seems to be pro-crypto, and experts believe there’s a 75% chance that a Dogecoin ETF will be approved.
However, it will have to go through a mandatory 240-day review period. This means that you have plenty of time to stack your portfolio with the best meme coins, ready to ride the next bull run.
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2. Solaxy ($SOLX) – Gets Rid of All Solana Limitations
Solaxy ($SOLX) is the first-ever Layer 2…
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