Dogecoin Has Made It to Wall Street

Are meme coins a legitimate investment now? Well, Wall Street seems to think so. Last week, REX Financial and Osprey Funds launched the first Dogecoin exchange-traded fund (ETF).

Basically, an ETF is a bundle of assets, which can include stocks, bonds, commodities, and now memecoins, that trades on the stock market as a single stock. A classic example are S&P 500 ETFs, funds that own shares of every company on the major Wall Street index

In the case of the REX-Osprey Doge ETF, the fund uses…