Bitwise CIO Backs ”Index-Based Approach” For Crypto ETFs – Is A Meme Index ETF Incoming?
Meme Index ($MEMEX) has defied a market slowdown to pull in $3.8 million in funding since launching its presale in December.
Despite the fiasco caused by the Libra ($LIBRA) scam, meme coins are here to stay. Argentine President Milei’s actions only served as a rude awakening for crypto investors and perhaps the maturity the sector needs.
The Meme Index offers a way for the entire meme coin sector to move forward by allowing investors to invest in a basket of meme coins rather than individual tokens, distributing the risk instead of concentrating it on one asset.
Bitwise Chief Investment Officer Matt Hougan also sees an index-based approach as the way crypto ETFs will move forward and take the industry to even greater heights.
For investors looking to get in early on what could be crypto’s next big leap, $MEMEX can be secured at its current price of $0.0163585 per token for the next 16 hours before a scheduled price increase signals the st...