Memecoin ETF filings spark concerns over ‘casino-type’ speculation

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Financial Times 2d ago

Memecoin ETF filings spark concerns over ‘casino-type’ speculation - Financial Times

Quick Summary:

On the face of it, Trump would appear to have a vested interest in memecoin ETFs being approved, given that it might help usher money into his own token.

Matt Hougan, chief investment officer at Bitwise, said: “There has been a major shift in the regulatory climate in the US and the attitude to crypto with the new administration coming in.“We have seen a lot of filings from a lot of issuers with a lot of ideas and I think that will continue.

Rex and Osprey have also applied to create ETFs tied to dogecoin, the world’s largest memecoin — which Musk has championed and which has surged in price since he was installed as head of Trump’s Department of Government Efficiency — as well as Bonk, based on another internet meme.