The first exchange investment fund (ETF) in the United States on the basis of a memcoid should debut on Thursday, said Bloomberg analyst Eric Balchunas. And it will be the ETF Rex-Osprey Doge (Doje).
Balchunas hinted at a potential launch last week in accordance with the Law on Investment Companies of 1940, which differs from the 1933 securities law, which usually regulates the trusts owning physical goods or derivatives.
Dogecoin, which is called the first real memcoid, has been trading for more than ten years. He formed a large community of investors and inspired countless imitators. Its inclusion in the ETF indicates the growing recognition of the fact that even tokens can cause interest among institutional investors, although mainly for speculative purposes.
Against the backdrop of talk about the imminent debut of the DOGE-ETF, the cost of token increased by more than 12% in the last week, and its market capitalization exceeded $ 36 billion.
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Source: Cryptocurrency
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