The SEC has acknowledged the filing of a new crypto ETF proposal by Grayscale.
That’s the same asset management firm that filed a bid to create a Solana ETF just four days ago.
However, this time around, the request is to create a Dogecoin ETF, which makes this the first attempt to launch a meme coin ETF under the pro-crypto Trump administration. Grayscale’s submission proposes to transform the Grayscale Dogecoin Trust Fund into an ETF product, which would track $DOGE’s price on CoinDesk.
It’s worth noting that while Trust is a form of investment vehicle with limited liquidity, ETFs are publicly traded on exchanges.
If approved, this could be a massive boost to the whole meme coin community. As per the filing, more than 2,500 merchants accept $DOGE for everyday trade.
Although the SEC has been infamous for looking down upon meme coins, the introduction of Donald Trump has completely changed the regulatory body’s stance.
The new leadership seems to be pro-crypto, and experts believe there’s a 75% chance that a Dogecoin ETF will be approved.
However, it will have to go through a mandatory 240-day review period. This means that you have plenty of time to stack your portfolio with the best meme coins, ready to ride the next bull run. 1. BTC Bull ($BTCBULL) – Offers a Unique Opportunity to Support Bitcoin’s Rise
If you’re a Bitcoin maximalist who’d like a unique and extremely profitable way of getting behind the granddaddy of all cryptocurrencies, BTC Bull ($BTCBULL) could be the best crypto for you.
It’s a one-of-a-kind project that will reward token holders with free $BTC airdrops once Bitcoin reaches $150K, $200K, and $250K – you get the idea.
Additionally, the developers plan to keep 40% of the total supply for PR and marketing purposes, meaning the project is likely to enjoy tremendous hype even several weeks and months after its listing. Combined with a deflationary model, wherein a part of the token supply will get burnt off at pre-decided levels (i.e., when $BTC reaches $125K, $175K, and $225K), there’s every chance $BTCBULL will continue seeing price appreciations along its journey.
With over $1.3M in funding just a few days into its launch, the BTC Bull presale is taking the crypto world by storm. Each token is currently priced at $0.00236, but hurry because the price increases in the next 48 hours. 2. Solaxy ($SOLX) – Gets Rid of All Solana Limitations
Solaxy ($SOLX) is the first-ever Layer 2 solution on the Solana network, promising to crank up Solana’s utility (and overall growth potential) by speeding up transactions and lowering costs.
It’s worth noting that although Solana has been doing really well, the recent launch of $TRUMP and $MELANIA brought a ginormous crowd of new investors to the network. And Solana was unable to handle the sudden spike in transactions.
Enter Solaxy ($SOLX).
By combining the superpowers of two prominent blockchains – Ethereum’s vast liquidity and Solana’s efficiency – $SOLX will eliminate network downtime and scalability issues on Solana. As a result of its innovative approach, investors have flocked to the $SOLX presale, which has so far raised over a mind-blowing $20M.
You can join one of the best crypto presales ever by shelling out just $0.0016 per token. If this is your first meme coin purchase, here’s a detailed guide on how to buy $SOLX. 3. MIND of Pepe ($MIND) – Autonomous AI Agent Offering Investment Advice
MIND of Pepe ($MIND) features an autonomous AI agent that can scrape the internet – it lives on dApps and platforms like X – for all relevant crypto-related information.
Then, by using high-tech AI technology, it will analyze all that information and provide you with only the best crypto investment advice. Simply put, $MIND can be your ultimate shot at crypto profitability.
Additionally, since $MIND is also self-evolving, its bank of crypto expertise will only grow with time, ultimately reaching a point where it’ll be able to launch its own cryptos.
It’s worth noting that $MIND token holders will get priority access to these high-potential new meme coins.
With over $6M in presale funding already, $MIND’s potential is there for everyone to see. You can join the gravy train by getting 1 $MIND for just $0.0033188. Here’s how to buy it. 4. Dogecoin ($DOGE) – Biggest Beneficiary of a Dogecoin ETF Approval
With a Dogecoin ETF (which will also be the first-ever meme coin ETF) just around the corner, $DOGE could easily soar past current levels and reach $2.43.
Furthermore, with Binance’s ex-CEO and a crypto legend, CZ, giving his approval to meme coins and flirting with the idea of launching a meme coin inspired by his pet dog, the dog meme coin space is likely to see increased traction.
As a result, $DOGE, the largest meme coin with a market capitalization of close to $40B, has finally started coming out of its recent slumps; it has jumped by around 5% in the last 24 hours.
This could be just the start of a long upward rally, though, meaning $DOGE’s current trading price of $0.2701 makes it one of the best cheap cryptos to buy now. Verdict
Even though the crypto market, on the back of the SEC’s acknowledgment of a Dogecoin ETF, looks extremely bullish, it’s always recommended to invest carefully and only put in an amount you don’t mind losing.
Also, none of the above is financial advice, and we urge you to do your own research before investing.