From Dogecoin to the first lady’s meme coin, a flurry of filings from asset managers eager to offer new crypto products may well push the Securities and Exchange Commission past a point of no return.

As the Commission moves to clarify crypto rules under President Donald Trump, applications for spot crypto ETFs appear to be popping up day by day—ranging from Dogecoin, the original meme coin beloved by Elon Musk, to altcoins like XRP, Solana, HBAR, and Litecoin. 

An ETF is an investment product that allows its buyers to gain exposure to an asset without the need to hold, or store, the asset directly. Bitcoin ETFs, which were just approved by the SEC last year, enable investors to buy into BTC without dealing with cryptocurrency exchanges or digital wallets. Shares in these ETFs can be purchased via traditional brokerages, just like stocks.

Without speaking to any of the firm’s specific SEC filings, Bitwise CEO Matt Hougan told Decrypt that regulators could approve spot ETFs for as many as five different digital

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Author: André Beganski