Meme Index & Solaxy Presales to Explode After Dogecoin and Solana ETFs Arrive
The post Meme Index & Solaxy Presales to Explode After Dogecoin and Solana ETFs Arrive appeared on BitcoinEthereumNews.com.
Dogecoin and Solana ETFs are attracting significant attention. Yesterday, Bitwise officially filed with the US Securities and Exchange Commission (SEC) for a spot Dogecoin exchange-traded fund. During the same time frame, Cboe BZX Exchange submitted spot Solana ETF filings on behalf of four major asset managers. Trump’s relatively pro-crypto bill and new Treasury Secretary appear to have woken up issuers of Dogecoin and Solana ETFs – new ones are being proposed left, right, and center. If commencing, they could be a huge step forward for the crypto industry, signaling rosy prospects for novel meme and Solana-based projects like Meme Index and Solaxy. Dogecoin and Solana ETFs – What’s the Fuss About? The beauty of Dogecoin and Solana ETFs is that they would track the price of $DOGE and $SOL in real-time and give investors exposure to them without having to invest in them directly. ETFs make the often troublesome dealings with crypto exchanges, wallets, and private keys no longer necessary. Plus, they’re regulated and more transparent, reducing the likelihood of price manipulation and security risks compared to direct digital asset ownership. Bitwise Has Dogecoin ETF Competition A Dogecoin ETF would make $DOGE more trustworthy in the eyes of investors. This is especially true when considering that Bitewise’s proposed Dogecoin ETF has chosen Coinbase Custody as its proposed custodian (a top choice among issuers). Regarding the following steps, the S-1 application must be tied to a 19b-4 filing to be approved or denied. But Bitwise does have competition. REX Shares and Osprey Funds have also proposed Dogecoin ETFs, and it’s unclear which one the SEC will improve first (if any). New SEC Team Spurs Promising ETF Outlook ETFs are keeping the SEC busy. Another example is Cboe BZX refiling 19b-4 filings for spot Solana ETFs on behalf of VanEck, Bitwise, 21Shares,…
Filed under: News - @ January 29, 2025 4:21 pm