Renowned figure, former BitMEX CEO Arthur Hayes, has shared his thoughts on the possibility of a Dogecoin (DOGE) ETF being approved in the near future. Hayes, known for his successful trades and predictions, believes that after the approval of Bitcoin and Ethereum ETFs, regulators will inevitably greenlight a Dogecoin ETF.
In a recent interview with Jessica Walker and Real Vision CEO Raoul Pal, Hayes emphasized the growing popularity of Dogecoin among institutional investors, highlighting its significance in the cryptocurrency industry. He pointed out that as the Federal Reserve and US Treasury continue to print more money, the cryptocurrency market will only become more chaotic and appealing.
Both Hayes and Pal disclosed that they have included memecoins like Dogecoin (DOGE), BONK, and Dogwifhat (WIF) in their investment portfolios. Hayes even went as far as predicting that Aptos (APT) could surpass Solana (SOL) in market cap rankings within the next 1 to 3 years.
The duo also expressed their anticipation for the approval of a Dogecoin ETF by the end of the current bull market cycle. Hayes emphasized Dogecoin’s status as the oldest memecoin on Robinhood, suggesting that traditional finance’s foray into the crypto space will likely result in ETFs for high market cap assets like Dogecoin.
Disclaimer: This content is not investment advice. Interested individuals can explore over 300 cryptocurrencies on the Binance exchange with a 20% commission discount through this link. Stay updated with exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.
