The co-founder of the BitMEX crypto exchange said that after the launch of exchange-traded funds for ether, a similar product will appear on the US stock market, allowing you to invest in Dogecoin (DOGE) without purchasing the coins themselves.

Arthur Hayes believes that the DOGE meme token is now particularly popular among American traders, especially among millennials.

The businessman is convinced that interest in digital currencies in the United States will increase as Treasury bonds and the dollar depreciate, as well as the ill-considered actions of the Federal Reserve System (FRS), “using the printing press to maintain the stability of the economy”:

“In the traditional market, there must be a tool for institutions focused on Dogecoin. For someone new to cryptocurrency, it’s the easiest to understand.”

In addition to DOGE, Arthur Hayes is now buying such memtokens as BONK and Dogwifhat. The co-founder of BitMEX claims that as new exchange products appear, the capitalization of the crypto market will grow, as well as the attractiveness of digital assets among investors.

Earlier, Arthur Hayes said that inflation, rising government debt and a shortage of market supply of Bitcoin could contribute to rising prices in the cryptocurrency market.