Pepe Files for ETF as Investors Snub Meme-Coin Hype
An application for a Pepe ETF has been submitted, marking another attempt to bring meme tokens onto Wall Street via regulated investment vehicles. The move signals issuers are hopeful that packaged, exchange-traded access could broaden exposure to these speculative assets and tap retail and institutional channels that typically avoid direct token custody.
Despite the filing, investor demand looks muted: CoinShares’ James Butterfill reports Dogecoin ETF products have attracted only lukewarm inflows, underscoring skepticism about meme-coin durability and the appetite for speculative bets in ETF form. That hesitation matters because weak early flows can deter issuers and influence regulator and exchange interest; if meme ETFs struggle to gather assets, the path to mainstream acceptance and sustainable secondary markets may remain narrow for tokens like PEPE and DOGE.