Wall Street has introduced a Memecoin ETF, marking a notable shift in financial product offerings. Launched in September 2025, the Memecoin ETF comes with a 1.5% annual fee, reflecting the evolution of ETFs from basic investment tools to complex financial vehicles. The REX-Osprey Dogecoin ETF is designed for retail investors seeking convenience and legitimacy, despite its higher costs compared to direct cryptocurrency purchases. This development underscores the growing trend of financial innovation on Wall Street, though it raises questions about the value and risks of such products for less informed investors.