Dogecoin (DOGE) Spot ETF on the Horizon, Speculate Experts
CryptoNewsTerminal Staff10 Jun, 2024
Dogecoin (DOGE) Spot ETF on the Horizon, Speculate Experts
Dogecoin (DOGE) Spot ETF in Sight A Dogecoin (DOGE) spot exchange-traded fund (ETF) could soon become a reality, according to industry experts. In a recent YouTube broadcast, BitMEX co-founder Arthur Hayes and Real Vision CEO Raoul Pal discussed the potential for a DOGE spot ETF. Pal emphasized the unique advantages of DOGE as the "original meme coin," while Hayes highlighted its "undeniable market presence and popularity." The duo also explored the possibility of Tesla CEO Elon Musk's involvement driving DOGE toward mainstream financial adoption. A DOGE spot ETF would allow investors to gain exposure to the price of DOGE without having to purchase and store the cryptocurrency themselves. This could make DOGE more accessible to a wider range of investors, including those who are new to cryptocurrency. The approval of a DOGE spot ETF would be a major milestone for the cryptocurrency. It would indicate that regulators are becoming more comfortable with cryptocurrencies and that DOGE is being recognized as a legitimate investment asset. Only time will tell if a DOGE spot ETF will come to fruition. However, the recent discussions by Hayes and Pal suggest that it is a possibility that is becoming increasingly likely.
