Crypto Heavyweights Affirm Dogecoin (DOGE) ETF Is Coming

Co-founder of BitMEX, Arthur Hayes and Chief Executive Officer (CEO) and co-founder of Real Vision, Raoul Pal have appeared in a recent YouTube

Key Takeaways

Crypto market experts Arthur Hayes and Raoul Pal predict the launch of a Dogecoin ETF in this market cycle.

Hayes predicts Dogecoin ETF due to its early entry, market capitalization, and cultural impact.

Pal also supports a Dogecoin ETF and reveals his attempt to influence VanEck to file for the ETF.

Hayes and Pal share their top meme coin picks for this cycle, including Dogecoin, Solana, Bonk, Dogwifhat, and WIF.

Crypto market experts Arthur Hayes and Raoul Pal have shared their perspectives on the future of meme coins in the current market cycle, discussing the possibility of a Dogecoin Exchange-Traded Fund (ETF) and sharing their top meme coin picks.

Crypto Heavyweights Predict Dogecoin ETF

In a recent YouTube podcast on Coin Bureau, BitMEX co-founder Arthur Hayes and Real Vision chief executive officer (CEO) and co-founder Raoul Pal appeared, sharing their insights on the potential for a Dogecoin ETF as meme coins continue to gain momentum in the market.

When asked about the meme coins he was keeping an eye on in his portfolio, Hayes stated that Dogecoin could get an ETF by the end of the cycle.

“I think the meme coin that I’m watching in my portfolio is—it will probably get an ETF by the end of the cycle—is Dogecoin.”

Hayes based his prediction on the coin’s rate of growth over the years, highlighting Dogecoin’s status as the oldest meme coin in the crypto space.

“It’s the OG meme coin. It has the biggest brand. Everyone knows what Dogecoin is. It’s the best performing meme coin in every bull cycle. It outperforms Bitcoin by a factor of two to three times.”

Moreover, Hayes also noted Dogecoin’s market capitalization, which has risen to a staggering $19.7 billion, making it the world’s largest meme-based cryptocurrency by market capitalization.

Additionally, Dogecoin’s cultural impact on the crypto space and the investment sector in general has been profound. The popular meme coin has also managed to cultivate its robust community to hold millions of supporters and investors.

Echoing Hayes’ sentiments, Pal agreed with the BitMEX co-founder in his prediction of a Dogecoin ETF by the end of the market cycle. He indicated his strong advocacy for a Dogecoin ETF, having discussed the possibilities with Jan van Eck, the CEO of VanEck, an investment management firm and Spot Bitcoin ETFs provider.

“I think Dogecoin will have an ETF by the end of this cycle. I’m trying to get it. I spoke to Jan about it. I’m trying to get him to file a Dogecoin ETF. I’m trying to get it to flip the demand for the Spot Ethereum ETF.”

Highlighting Dogecoin’s consistent outperformance of Bitcoin in every bull cycle, Pal stated that the meme coin is a major crypto player.

“It flips the demand for the Spot Ethereum ETF. Dogecoin outperforms Bitcoin by two to three times in every bull cycle. It’s a major crypto asset. I’m trying to get a Dogecoin ETF. I’m trying to get it out there. I’m trying to get someone to file for a Dogecoin ETF.”

The Real Vision CEO went on to reveal his attempt to urge VanEck’s CEO to file for a Dogecoin ETF, emphasizing his active efforts behind the scenes.

“I’m trying to get someone to do it. I’m trying to get people to do it. I’m trying to get it out there. I’m trying to get people to talk about Dogecoin ETF. I’m trying to get people to apply for a Dogecoin ETF. I’m trying to get it done.”

Hayes, Pal Share Top Meme Coin Picks

As meme coins continue to gain ground in the crypto space, it’s no surprise that many are speculating about which coin will be the next big hit. In the interview, Hayes and Pal shared their perspectives on which meme coins they believe will have the strongest narratives in the crypto market.

Pal revealed that he has made investments in popular cryptocurrencies like Dogecoin, however, he was “90% long on Solana (SOL).”

“I have a rule. I’m 90% long on Solana. I don’t care about anything else. I’m fully deployed. I don’t care about the rest of the market. I don’t care about any other coins. I don’t care about any other tokens. I don’t care about any other NFTs. I don’t care about any other asset class.”

On the other hand, Hayes disclosed a more diversified meme coin portfolio, highlighting investments in prominent meme coins like Bonk (BONK), Dogwifhat (WIF), and Dogecoin. He revealed his investment strategy for 2024, advising: “Be long, don’t sell, don’t get shook, and don’t

News source：https://www.kdj.com/cryptocurrencies-news/articles/crypto-heavyweights-affirm-dogecoin-doge-etf-coming.html

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