According to Decrypt, Bitcoin's continued rally this week has led to a surge in meme coins, with experts attributing the rise to hype surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) product. Bitcoin's current trading price is $44,021 per coin, representing a 13.4% increase over the week. The anticipated ETF approval could result in an influx of capital into the crypto markets as traditional investors gain exposure to digital assets. Meme coins such as Pepe, Dogecoin, and Shiba Inu experienced significant gains this week, with Dogecoin's value increasing by over 20% in seven days. Solana-based meme coin Bonk also saw a substantial rise, with a 7-day increase of 188% and a 30-day increase of 635%.