In the fast-evolving world of crypto, even the wildest trends can become mainstream. With the memecoin market surpassing $60 billion—more than Tron and Cardano combined—speculation is heating up around institutional interest. Could the next frontier for crypto ETFs be based on memecoins?
According to Bloomberg ETF analyst Eric Balchunas, the answer is likely yes. On June 7, he stated that there’s a “really good chance” we’ll see active memecoin-focused ETFs soon, possibly by 2026.
Memecoins Enter the ETF Arena
Memecoins have exploded this year, particularly among retail traders. As interest grows, ETF providers are exploring ways to tap into this speculative but lucrative market. Balchunas expects that before we see a pure memecoin ETF, several active crypto ETFs will roll out first, setting the stage for more niche products.
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His remarks came in response to a post by the team behind “Vladcoin,” suggesting that ETFs should actively trade memecoins—buying the strong, selling the weak.
Spotlight on Dogecoin ETF Filings
Interest in a potential Dogecoin ETF is already high. Major players like Grayscale, Bitwise, 21Shares, Osprey Funds, and Rex Shares have filed with the SEC to launch ETFs based on Dogecoin, Bonk, and Official Trump (TRUMP).
However, the SEC has yet to approve any memecoin ETFs—or even altcoin-based ones like Solana, XRP, and Litecoin—despite dozens of applications filed this year.
Memecoin Market: Boom to Bust?
While early 2024 saw memecoins skyrocket, recent months have brought steep corrections. TRUMP is down 86%, Dogecoin by 75%, Shiba Inu (SHIB) by 85%, and Pepe (PEPE) has lost nearly 60%. Despite the downturn, the push for ETFs suggests long-term faith in the sector.
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