📉dogwifhat Project Lied to Its Community + New Crypto ETFs🚀

The popular Dogwifhat meme, which inspired the Solana-based WIF token, will not appear on the Las Vegas Sphere, a spokesperson for the venue confirmed.

The speculation began when the Dogwifhat 𝕏 account posted “Officially confirmed. Viva hat vegas,” before deleting the post and reposting the artwork without the confirmation. This fueled a 34.7% surge in WIF’s price to $1.34, before settling at $1.30.

Back in March 2024, five organizers raised nearly $700,000 from WIF fans to fund the Sphere advertisement. However, after months of no progress, criticism mounted, with calls for refunds. Following the recent 𝕏 post, $697,811 was moved from the WIF Sphere multi-sig wallet to a new, unnamed wallet.

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Dogwifhat’s 𝕏 account later clarified that no deal was in place but claimed negotiations were ongoing with an “established brand” to execute the ad. The Sphere, however, reaffirmed that it only accepts ads from exchanges and Bitcoin-related content.

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Grayscale Files for Dogecoin ETF as 21Shares Seeks Approval for Polkadot Fund

Bitwise has filed with the SEC to launch a Dogecoin ETF, joining a wave of crypto asset managers seeking approvals. Unlike recent filings from Rex Shares and Osprey Funds, which were under the ‘40 Act, Bitwise’s S-1 filing falls under the ’33 Act, typically used for commodity-based ETFs.

Grayscale also recently filed for a DOGE ETF, adding to the growing interest in memecoin investment products. Meanwhile, 21Shares has applied for a spot Polkadot ETF, and Tuttle Capital filed for 10 leveraged crypto ETFs, including one tracking Polkadot.