Memecoin ETF suggestions increase eyebrows from serious investment sources.
Nate Geraci ETF Store Chairman believes that Memecoins will bring the suspicious investments packaged in ETF (Exchange-Traded Funds) to a completely new level.
In the Financial Times article, he emphasized the historical trend of losing the value of memo coin, and added that optics that provide Memecoin ETFs can be harmful to a company that wants Wall Street to take seriously.
On January 21, REX stocks and OSPREY submitted seven different ETFs, three of them Based on a memo coin Official Trump (Trump), Dogecoin (DOGE) and Bonk (Bonk). Also, a little I applied for a Doge -based trust January 22, we suggest the creation of ETF.
Bryan Armour, director of MorningStar’s passive strategies research, suggests that the publisher can take advantage of the regulatory environment, depending on President Donald Trump.
He said:
“They are using Trump’s promise, the security guards, and less regulators’ expectations.”
Armor pointed out that Memecoins lacks the existing futures market that supports the approval of Spot Bitcoin (ETH) ETF, creating an uncertainty about whether the US Securities and Exchange Commission (Sec) will approve such products.
As a result, Armor thinks these issuers are “purchasing small call options” for potential approval. They don’t know if the SEC will burn green. But in contrast, I want to be one of the first deployments.
Bitwise CIO Matt Hougan has recently recognized a changed regulatory environment and reflects emotions. He added:
“There was a big change in the regulatory environment in the United States, and the encryption attitude of the new administration has changed significantly. We have seen many submission from many publishers with many ideas. And I think it will continue. ‘
HOUGAN also emphasized that the SEC remains a “very serious organ” with a limit on political impact.
especially, MEME Coin Filings can test how open the new SEC management will be in the industry. Mark Uyeda and Paul Atkins, a permanent chairman of SEC’s acting chairman, are all professional cryptos, and the optimism has increased in the industry..
Meanwhile, Mark Uyeda is the chairman of the actor. His first move was to create a task force to help develop regulatory frameworks for encryption in the United States.
Legal investment
Despite the uncertainty, HOUGAN defends Memecoins’ legitimacy as an investment asset and is called “a relic that is a land of emerging cryptocurrency culture.”
He also emphasizes that the form of assets does not reduce potential value by comparing other niche investments, such as baseball cards and high art.
Hougan also insisted that liquidity and market size were included in the ETF using Bitwise’s Dogecoin submission.
“Dogecoin is the world’s sixth largest password asset with a market cap and is more than $ 1 billion a day.”
Critics are worried that packaging a memo coin in the ETF can inherently borrow excessive justification of speculative assets and attract investors without information.
However, HOUGAN responded that the SEC was operating as a private -based regulator and previously approved the ETF for risk assets such as junk bonds and niche products.
HOUGAN emphasized that not all cryptocurrency was suitable for ETFs, but insisted that each token should be evaluated individually.