Bitwise Executive Backs Meme Coin ETF Launch

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, has expressed support for the launch of a meme coin ETF. He made this statement during an interview with Tony Edward.

According to Hougan, while some criticize meme coins, if users wish to access them, it should be done in a regulated and secure environment.

The Bitwise CIO could not confirm whether his firm would launch such a product, but he personally supports exchange-traded funds based on meme coins.

“I would prefer they invest in meme coins via an ETF rather than through FTX,” he noted.

Earlier, journalists reported that the odds of finding a successful meme coin for profitable investment on the Pump Fun platform were lower than making a winning bet at a casino.