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Bitwise Files for Dogecoin ETF: XYZVerse Next Meme Coin ETF?

Coin WorldMonday, Feb 3, 2025 8:07 am ET

1min read

Bitwise Files for Dogecoin ETF: Will XYZVerse (XYZ) Be the Next Meme Coin ETF?

Bitwise Asset Management, a leading cryptocurrency investment firm, has filed for a Dogecoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move comes as the crypto market continues to grow and diversify, with meme coins like Dogecoin (DOGE) gaining significant traction among investors.

The proposed ETF, Bitwise Crypto Industry Innovators ETF, aims to provide exposure to companies that are at the forefront of the crypto industry, including those involved in the development and adoption of meme coins. Dogecoin, created as a joke in 2013, has since become one of the most popular and valuable meme coins, with a market capitalization of over $10 billion.

As the crypto market evolves, investors are increasingly seeking exposure to meme coins through ETFs. Meme coins, which often feature humorous or pop culture-inspired themes, have gained popularity due to their low cost and potential for significant price appreciation. The success of Dogecoin has sparked interest in other meme coins, such as Shiba Inu (SHIB) and Pepe (PEPE).

While Bitwise's Dogecoin ETF is the first of its kind, it is not the only meme coin ETF in the works. XYZVerse (XYZ), a decentralized finance (DeFi) platform, has also expressed interest in launching a meme coin ETF. XYZVerse aims to provide investors with exposure to a diversified portfolio of meme coins, allowing them to capitalize on the growing popularity of these digital assets.

The potential launch of XYZVerse's meme coin ETF comes as the DeFi sector continues to grow and innovate. DeFi platforms like XYZVerse offer investors access to a wide range of financial services, including lending, borrowing, and trading, all powered by blockchain technology. As the DeFi sector continues to evolve, investors are increasingly seeking exposure to the growing ecosystem through ETFs.

The launch of Bitwise's Dogecoin ETF and the potential launch of XYZVerse's meme coin ETF highlight the growing interest in meme coins and the crypto market as a whole. As the crypto market continues

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