Regulatory experts told Cointelegraph that approval of the first memecoin ETFs has become more likely following the departure of former SEC Chairman Gary Gensler.
The first wave of memcoin-based exchange-traded funds (ETFs) is gaining momentum, in part due to new leadership at the U.S. Securities and Exchange Commission.
The cryptocurrency industry saw an uptick in memcoin ETF deposits after the launch of the Trump family’s memcoin coins, which attracted significant retail interest.
The SEC has received its first applications for official mutual funds for Trump (TRUMP), Dogecoin (DOGE), and the BONK exchange-traded fund (BONK), Cointelegraph reported on January 21.
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