ETF Store president Nate Geraci believes memecoins would take questionable investments packaged into ETFs to a new level. Rex Shares, Osprey, and Bitwise filed for memecoin-based ETFs. Morningstar’s Bryan Armour believes issuers are capitalizing on a shift in the regulatory environment under the Trump administration. Bitwise CIO Matt Hougan defended the legitimacy of memecoins as investment assets.

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