BitMEX Founder Hayes: Authorities Will Approve Spot Dogecoin (DOGE) ETFs!
Could Dogecoin spot ETFs be approved in the coming period?
Arthur Hayes, co-founder of crypto exchange BitMEX, said that after the launch of spot Ethereum (ETH) ETFs, a similar product will be issued in the leading memecoin Dogecoin (DOGE) and institutional companies will purchase spot DOGE ETFs.
Arthur Hayes believes that the memecoin called DOGE is now much more popular than many other crypto assets among American traders, especially millennials.
The famous businessman thinks that people will be more interested in digital assets due to the depreciation of Treasury bills and the dollar, as well as the evil of the Federal Reserve System (FRS):
âIt needs to be a tool for institutions focusing on Dogecoin (DOGE) in the traditional market. The popular cryptocurrency DOGE is one of the easiest products to understand for a beginner.â
In addition to DOGE, Arthur Hayes also purchases memecoins such as BONK and WIF. The co-founder of BitMEX claims that the appeal of digital assets in traditional financial markets will further increase as new memecoins emerge.
Previously, Arthur Hayes said that inflation, increasing government debt and a decrease in the supply of Bitcoin in the market could contribute to an increase in prices in the cryptocurrency market.
đđ #DogecoinâŹâ© #BONKđ„đ„ #WIFđ„ #Ethereumâ $DOGE $BONK $WIF
