Dogecoin ETFs Are Officially Trading: Why I’m Scooping Up the Entire Canine Crypto Sector

The American regulator has finally given in: a cryptocurrency with a market capitalisation of over $22 billion, which started out as a joke, is now recognised as a legitimate investment. This is a green light for Wall Street sharks, who will undoubtedly follow suit and start buying up the rest of the coins in this category.

The ice has finally broken. Grayscale has already launched trading of its Grayscale Dogecoin Trust ETF (ticker: GDOG) on the New York Stock Exchange Arca. However, the most significant event is happening right now: Bitwise has just announced the launch of its own spot ETF, BWOW. The queue of applications from 21Shares and other giants confirms that traditional finance is serious about monetising 'meme culture'. The distinction between wild speculation and recognised financial assets has been erased forever.

While institutional investors are filling out paperwork, I am taking action. Today, I averaged down aggressively and added DOGE, FLOKI, BONK, WIF, SHIB and MEW to my portfolio. In short, I have acquired the entire 'dog pack' (and one cat) available on Cryptomus. I am confident that, following the launch of spot ETFs in the US, we will not only see growth, but also a real influx of liquidity into a sector that has been underestimated by many.