Dogecoin ETF Launches: A Sign of Adoption or a Market Top?
Is the launch of a Dogecoin ETF the ultimate sign of crypto adoption, or is it a signal that the market has officially become a casino?
The first-ever U.S. Dogecoin futures ETF ($DOGEX) is set to debut this Thursday, bringing the original meme coin to Wall Street.
What does this mean for the space? Does this legitimize DOGE as a long-term asset, or is it just creating another way for traditional finance to gamble on crypto's most famous joke?
22 Answer
This is an embarrassment. We're trying to build a new, decentralized financial system, and the first meme coin ETF gets approved while spot ETH ETFs are delayed. This makes the entire industry look like a joke and rewards projects with zero development or utility. This is not the kind of adoption we should be celebrating.
Does ETF guarantee a price surge like what happened with BTC last year 🤔??
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