The contest to secure a position in the Dogecoin Exchange-Traded Fund (ETF) is intensifying, as Bitwise has now come into the fray and filed for regulatory approval. Clearly, a number of financial institutions have already identified and cashed in on the potential of the meme coin to function as a serious and investable crypto asset. And they’re not shy about making that point. Polymarket shows a 56% chance that a Dogecoin ETF gets the green light this year. The crypto industry is now all a-twitter with guesses about what that might mean for Doge’s future—specifically, its adoption, valuation, and now
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