Pepe May Follow Dogecoin to Wall Street—But ETF Investors Aren't Buying Meme Hype

Today, four crypto asset managers offer U.S.-listed Dogecoin ETFs. Still, it remains “very hard for institutional investors to construct a credible investment rationale around something like Doge, which is perhaps more geared towards the retail audience,” James Butterfill, head of research at crypto asset manager CoinShares, told Decrypt.

“They’re just not popular with investors,” he said. “It’s the big four and not much else.”

Decrypt has reached out to Canary for comment.

Pepe futures currently trade on crypto exchange Kraken. Canary’s filing noted that contracts for the meme coin “are typically traded on regulated or registered trading venues.”