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Dogecoin’s journey from a meme to a key digital asset integrated with traditional finance will be historic in the crypto space.
Crypto investors, especially memecoin enthusiasts, are overwhelmed by the latest development in the memecoin market. Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list shares of 21shares Dogecoin Spot ETFs. If approved, traditional investors will gain direct exposure to DOGE without having to hold the memecoin themselves.
In addition, Nasdaq has submitted a Form 19b-4 to the SEC seeking approval to list the ETF on its exchange. The proposed Dogecoin ETF is a huge step towards mainstream crypto adoption. As cautious traditional investors gain exposure to such ETFs, this could trigger a desire to learn more about digital assets.
Crypto traders and enthusiasts have applauded Dogecoin’s journey from a mere social media meme to a key digital asset in mainstream finance. This reflects the community’s resilience over the years and belief in the future of digital finance.
[…] DOGE is showing strength fueled by heightened whale accumulation. Following the recent filing of DOGE ETFs by 21shares, the memecoin could be poised for a price uptrend in the coming […]