DOGE Gain ETF?
Dogecoin, which was initially only considered a meme coin, is now increasingly showing its potential as a serious financial instrument.
In a Coin Bureau Youtube broadcast, Arthur Hayes, co-founder of BitMEX, predicted that Dogecoin would gain an exchange-traded fund (ETF) in this market cycle.
“This is the oldest memecoin, it's on Robinhood. "If you think about Tradfi getting into crypto and they'll put an ETF in whatever they can, it's a high market cap," Hayes said.
Another factor why a $DOGE ETF might happen is support from Elon Musk. Rumors about the possible integration of Dogecoin as a payment method on the X platform (formerly known as Twitter) owned by Musk have increased market anticipation.
If Arthur Hayes' predictions prove correct, the launch of the Dogecoin ETF could be a major step in bringing this cryptocurrency into the financial mainstream, cementing its position not just as a meme coin, but as a serious and sustainable investment instrument.