Crypto-focused ETFs are predicted to experience significant growth this year, with one popular meme coin, Dogecoin (DOGE), expected to lead the charge. Wintermute, a crypto trading firm, stated that a core asset manager will launch a meme coin ETF by 2025, and they believe DOGE is the most likely candidate. Traditional financial institutions showed increased interest in trading meme coins in 2024, with DOGE and other tokens driving Wintermute’s Over-the-Counter (OTC) market share growth. While no asset manager has filed for a Dogecoin ETF in the U.S. yet, Wintermute stands by its prediction. The report also noted that OTC spot volumes for meme coins increased significantly during the same period, and meme coins accounted for a larger share of Wintermute’s OTC volumes. However, the narrative within the crypto market can impact OTC volumes, and the interest in meme coins has cooled down recently.
Content Editor ( decrypt.co )
- 2025-01-17
Dogecoin ETF in 2025 a Possibility as TradFi Warms to Meme Coins: Wintermute
