Era Memecoin ETF is launched with the Dogcoin box, which is “useless by design”

Wall Street is about to pack a joke in a trading box for exchange-1.5 % over this privilege.

Rex-Saprey Doge ETF is launched on Thursday as the first USA fund for Dogoin, which is MEMECOIN, which was created in 2013 as a satire that now takes over an amazing market value of $ 57 billion.

Trading under the doje index, which represents a somewhat surreal landmark: the institutional products of assets that do not proudly serve any purpose.

The money receives up to six times more than most of the investment funds circulating in Bitcoin, indicating that investors are ready to pay a huge allowance on a sarcastic encrypted currency.

“This is certainly the first ETF for us ever carrying something that has no benefit on intention,” Eric Balunas analyst, Bloomberg analyst at ETF, books On x on Tuesday.

In December 2024, Balchunas expected a wave of investment funds circulating in the encrypted currency coming to the market. Balchunas referred to Final approvals for Six encrypted currencies, one of which was Dogecoin.

Dogecoin is Mimikoen that has been conceived in 2013 and has since become a favorite of the CEO of Tesla Elusk. Love Most memecoinsIt has no fundamental value regardless of speculation.

But it is particularly interesting about ETF DOGECOIN is the back road that it takes in front of investors.

Doje is launched under the 1940 Investment Company Law.

Basically, the “1940s” law is a regulatory vulnerability, which circumvents some of the requirements for the approval of the Supreme Education Council. This means that the box can start trading immediately, but it faces severe marketing restrictions.

It is difficult to obtain the approval of the Securities Law of 1933, but it allows a wider distribution. This is the road to the Bitcoin Port of Investment Funds.

According to Balchunas, there is a large group of “ACT-Act” pending the approval of SEC.

Dogecoin rose 150 % this year, as it is traded by about $ 0.24 per code. The total market value of Tokeen floats about 36 billion dollars, as it achieved it in the ninth position in the encryption industry.

Getting etf Memecoin in the market will not be possible without the amazing success story of Bitcoin ETF.

Last year, 11 ETF exporters in Bitcoin achieved $ 107 billion in their first year – The most successful ETF’s launch in history – with Ibit by Blackrock alone Take $ 76 billion.

This IBIT turned into the third largest Blackrock revenue generator via ETF for the company that extends to approximately 1,200 boxes.

However, Etf Memecoin is an unlimited area. Contrary to the proposal of the clear value of Bitcoin-it is Who is supposed Digital gold – or the ETHEREUM smart nodes tool, is found only as a cultural phenomenon. And one satirical simulation, in it.

In fact, Dogecoin’s creatures have abandoned the project years ago.

Within just a few days, the MEMECOIN ETF era begins with a product that could have been imagined just two years ago: Wall Street sells a joke shares and charges installment prices to do so.

Pedro Suleimano is the Buenos Aires correspondent in Buenos Aires. I got advice? Send it by email in[email protected].