Summary
- Dmitry Ladin, CTO of Fideum, stated that the SEC is likely to approve meme coin ETFs.
- The approval of meme coin ETFs is expected to provide more liquidity to the meme coin market.
- Asset management firms have already submitted ETF applications for TRUMP, DOGE, and BONK to the SEC.
There are claims that the U.S. Securities and Exchange Commission (SEC) is likely to approve a meme coin ETF.
On the 22nd (local time), Dmitry Ladin, Chief Technology Officer (CTO) of Fideum, stated in an interview with Cointelegraph that "Donald Trump has appointed crypto-friendly figures to the SEC, increasing the likelihood of approval for meme coin ETFs such as Official Trump (TRUMP), Dogecoin (DOGE), and Bonk (BONK)."
He further predicted, "(If meme coin ETFs are approved) it will provide more liquidity to the meme coin market," and "the possibility of meme coins being recognized as mainstream investment assets will also increase."
Meanwhile, asset management firms Osprey Funds and REX Shares have submitted ETF applications for TRUMP, DOGE, and BONK to the SEC.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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