If you are hesitant about directly putting money into cryptocurrencies, then Exchange Traded Funds (ETFs) can be a safer alternative. But what if you are investing in an ETF devoted to memecoins? Canary Capital has recently filed for an ETF tied to MOG Coin, a memecoin on the Ethereum network.
Before this bold move, Rex-Osprey launched the Dogecoin ETF (DOJE) in September 2025, marking the first-ever US ETF tied to a memecoin.
Why are crypto ETFs important?
Imagine you have a basket of fruits, and instead of having just one fruit, you have multiple choices. Similarly, crypto ETFs are a basket of several cryptocurrencies; you can diversify your holdings into multiple coins rather than focusing on just one coin. This can help reduce risk, as you do not hold crypto directly; rather, you hold a fraction of the funds that track the crypto. Since ETFs are regulated by trusted firms like Canary Capital, they tend to attract attention from traders.
Is MOG Coin ETF reliable than normal crypto ETFs?
Although crypto ETFs are worth watching, one cannot be very confident about memecoin-related ETFs. It is a well-known fact that most memecoins are born out of hype and do not have any utility. Additionally, several memecoins rise in value and then plunge soon after the hype dies. Â
MOG Coin is currently trading at $0.00000029, which is 5% up in the past 24 hours. However, as an inherent characteristic of memecoin, its value is fragile and can dip at any moment. Crypto itself is a volatile industry, and memecoins reflect extra volatility and risk!
Moreover, the price of a crypto ETF is connected to the underlying asset, meaning, if the price of MOG nosedives, it will affect the ETF as well. In the case of MOG, a highly speculative coin like other memecoins, there is a high likelihood that its price could crash hard. If the price surges, memecoin ETF holders would benefit; however, such increases typically do not last long.
Crypto community is highly optimistic about memecoin ETFs
Even though memecoin ETFs are less reliable when compared to normal crypto ETFs, several crypto communities are sharing thoughts in favor of them, including the MOG Coin ETF. This is a new era of memecoin ETFs, and money and attention will now flow from the new ETF to the market, opined a crypto enthusiast.
US government gridlock resolution will boost crypto ETFs
U.S. President Donald Trump has signed a bill to end the long shutdown, hopefully paving the way for increased crypto-related activities, including ETF approvals. As such, the MOG ETF filing will also soon receive a nod from the U.S. Securities and Exchange Commission (SEC).
ETFs are well-regulated by reliable fintech institutions and firms, a trustworthy feature that attracts traders. While memecoin ETFs like Dogecoin and MOG Coin ETFs are exciting milestones in the industry, people need to be extra cautious. These ETFs can be highly volatile assets due to the underlying memecoin they hold. Moreover, memecoin ETFs can bring new opportunities, yet investors need to approach them with a balanced view.
