The SEC has just approved Ethereum ETFs. Crypto experts predict Dogecoin ETF is next, leading to a surge in ERC-20 meme token prices.
On May 23, the US Securities and Exchange Commission (SEC) approved spot Ethereum ($ETH) ETFs. Earlier this year, the SEC approved Bitcoin ($BTC) ETFs and ETPs, following a long battle with crypto advocates. Experts speculate that a Dogecoin ETF might be next.
Given the recent revival of meme stocks like GME and the ongoing meme con frenzy, it would be a prime opportunity to bring the original meme token to the masses, further democratizing crypto investment.
As Shiba Inu-themed tokens continue to ride the hype wave, the success of the Dogeverse ($DOGEVERSE) presale is a given. With over $15M raised, the presale will end on June 3, presenting the last chance to capitalize on the growing mainstream interest in meme coins. The Ethereum Ecosystem Is Booming
Crypto prices are susceptible to broader market forces, including news like the $ETH ETF approval. $ETH’s 22.13% rapid weekly price increase shows strong investor confidence in the token and its ecosystem.
Other ERC-20 tokens followed suit:
Spot ETFs offer a familiar financial vehicle for traditional investors who might have previously avoided crypto due to perceived risks.
