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2024 Crypto ETF Filings Surge: Meme Tokens DOGE, BONK, and TRUMP Join the Race

2024 Crypto ETF Filings Surge: Meme Tokens DOGE, BONK, and TRUMP Join the Race

Hey everyone in the meme token community, if you've been keeping an eye on how traditional finance is cozying up to crypto, this latest update from Bloomberg's senior ETF analyst Eric Balchunas is a must-read. In a recent tweet, he dropped some eye-opening stats on the flood of crypto exchange-traded product (ETP) filings hitting the market in 2024.

According to the data, we're looking at a whopping 155 filings so far, covering 35 different digital assets. Balchunas predicts this could balloon to over 200 in the next 12 months—talk about a land rush! This surge signals growing institutional interest in crypto, making it easier for everyday investors to dip their toes into digital assets without directly holding them.

Bar chart showing the number of ETF filings since 2024 by crypto asset

Meme Tokens Stealing the Spotlight

What's particularly exciting for us at Meme Insider is how meme tokens are carving out their space in this ETF boom. Leading the pack among memes is Dogecoin (DOGE) with 4 filings. Originally started as a joke based on the famous Shiba Inu meme, DOGE has evolved into a cultural phenomenon and now seems poised for more mainstream adoption through these potential ETFs.

Not far behind are BONK and TRUMP, each with 2 filings. BONK, the Solana-based dog-themed meme token, has been a favorite in the meme coin ecosystem for its community-driven vibes and viral marketing. Meanwhile, TRUMP—likely referring to the politically charged meme token inspired by former President Donald Trump—highlights how topical events can fuel crypto innovation. There's also HYPE with 2 filings, which could point to emerging hype-driven tokens gaining traction.

These numbers show that meme tokens aren't just fleeting trends; they're attracting serious attention from ETF issuers who see their popularity and liquidity as assets worth packaging for investors.

Breaking Down the Top Contenders

For context, the chart shared by Balchunas ranks assets by the number of filings:

  • Solana and Bitcoin tie at the top with 23 each.
  • XRP follows closely with 20.
  • Ethereum with 16.
  • And then a mix including Litecoin and Avalanche at 5 each.

Even established players like Chainlink (2) and Cardano (3) are in the mix, but the inclusion of meme-heavy names underscores a shift toward more speculative, community-backed assets. This diversity in filings reflects the broadening appeal of blockchain tech beyond just the big names.

What This Means for Meme Token Enthusiasts

For blockchain practitioners and meme token holders, this trend could mean big things. ETFs provide a regulated way to gain exposure, potentially driving up liquidity and prices as more capital flows in. It's a sign that the lines between traditional finance and the wild world of memes are blurring—think easier access, lower barriers, and maybe even some stability for volatile assets.

If you're curious for more details, check out the full Bloomberg report compiled by James Seyffart. At Meme Insider, we're all about keeping you in the loop on how these developments impact the meme token landscape. What do you think—will we see a DOGE ETF launch soon? Drop your thoughts in the comments!

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