Memecoin ETFs: Are DOGE, BONK & TRUMP The Next Big Bets?
By Vishakha Thakur
The otherwise highly speculative Meme coin sector, that boasts of a staggering market cap of $76bn, has once again caught the attention of institutional investors. The three major meme coins, namely Doge, Bonk & Trump are currently in the limelight as they dominate the sector with a combined market cap of over $60bn.
Although, the high-risk, high-reward Memecoin mania is driven by extreme speculation, the recent tariff announcement by President Trump that caused a stir in the crypto market, impacted this segment, too. The meme coin sector saw around $90mn liquidations in Doge and Shiba Inu alone. The impact was so bad that the cumulative market cap of all memes coins dropped by almost 18% to $76 bn.
However, institutional players remain undeterred as memecoins like the Elon Musk backed DOGE, TRUMP and Bonk have managed to remain in spotlight for the obvious hype around them.
Significantly, three Dogecoin ETFs are now in the pipeline. Rex Shares and Osprey Funds have filed for a DOGE ETF while asset managers such as Grayscale and Bitwise have also submitted applications. Interestingly, Rex and Osprey are pushing for TRUMP and BONK ETFs as well. Meanwhile, Tuttle Capital Management is going a step further, filing for the first-ever leveraged memecoin ETF, featuring DOGE, BONK, and TRUMP Coin.
So, what do we make of these filings? Let’s break down the key meme coin and begin with the OG meme coin… the Dogecoin.
Ironically, Dogecoin started as a joke in 2013 but now holds a $50 bn market cap, making it the largest memecoin. And the sole factor that’s responsible for its astounding success is the maverick Elon Musk whose mere tweets have sent the DOGE soaring innumerable times.
Musk is a big fan of Trump’s and Trump being the big pro-crypto daddy, did come up with his own Official Trump coin. Launched just before he entered the White House, TRUMP Coin soared to a $15 bn market cap before cooling down to $9 bn. Interestingly, 80% of its supply is controlled by Trump-affiliated entities.
And then there’s Bonk…
BONK is another such Solana based meme coin that started as a free airdrop but has since exploded into a meme coin with a market cap of
$3 bn. Bonk’s growth has been fuelled by TikTok trends, social media hype, and retail investors.
Well, apart from DOGE, TRUMP, and BONK, the Solana-based memecoins, too, are gaining traction. let’s go to crypto analyst Ekta Mourya for her insight on meme coins that are worth keeping an eye on.
Clearly, with DOGE, TRUMP, and BONK dominating the sector, memecoins are not just about overnight millionaires anymore. With ETF filings, institutional backing, and growing market interest, the space is evolving.
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