DOGE's popularity is rising: the application of ETF by institutions and the logo design of government agencies have sparked discussions

robot
Abstract generation in progress

On January 21, DOGE once again became the focus of the market, and REX Shares, a U.S. asset management company, submitted an application for a Meme coin ETF including DOGE to the U.S. Securities and Exchange Commission (SEC). ACCORDING TO THE DISCLOSURE, THE APPLICATION COVERS THE RECENTLY LAUNCHED TRUMP LEAD FUND AS WELL AS BONK AND DOGE ETFS. If approved, it will be the first batch of meme coin-related ETFs in the United States, providing investors with a new encryption asset allocation tool. REX Shares offers a range of exchange products that cover encryption assets such as BTC, ETH, SOL and XRP through its Osprey Funds. It is reported that the company's assets under management exceed $8 billion, and the application for the Meme coin ETF will further enrich its product line. At the same time, the official website of the U.S. government efficiency department launched a logo showcasing the DOGE pattern, which sparked heated discussions in the market and the community. The logo text reads "The people voted for major reform", which seems to imply that DOGE, as a symbol of community consensus, has been officially adopted as a visual element. This iconic design was created by renowned designer DogeDesigner and brought DOGE an unprecedented follow. From ETF innovation in the asset management space to visual adoption by official institutions, DOGE is playing an increasingly important role in the meme ecosystem, and the application and influence of meme coins are also expanding. This phenomenon is yet another testament to the power of the Decentralization community and its impact in mainstream culture.

DOGE5.1%
REX-20.11%
MEME3.2%
TRUMP1.41%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
AgusPurwantovip
· 01-22 07:48
Bull Run 🐂
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)