According to @MilkRoadDaily, the altcoin index has crossed 75 and they frame this as the start of alt season, indicating a shift toward high-beta crypto exposure; source: @MilkRoadDaily on X, Sep 11, 2025. According to @MilkRoadDaily, memecoins secured ETFs before most L1s, reinforcing a memecoin-led market narrative; source: @MilkRoadDaily on X, Sep 11, 2025. According to @MilkRoadDaily, $FORD closed a $1.65B raise to build a $SOL treasury; source: @MilkRoadDaily on X and Milk Road newsletter mrcrypto.milkroad.com, Sep 11, 2025. According to @MilkRoadDaily, they are positioned for these market dynamics, signaling focus on SOL ecosystem and memecoin segments; source: @MilkRoadDaily on X, Sep 11, 2025.

According to @KookCapitalLLC, Grayscale filed the first S-1 for a meme ETF focused on DOGE, a move the post characterizes as absolutely massive for TradFi recognition of memecoins (source: @KookCapitalLLC). The post asserts this could open the floodgates for memes as a legitimate asset class and implies majors could benefit, but it provides no SEC filing link or accession number for verification (source: @KookCapitalLLC). For trading, verify any S-1 on the SEC EDGAR system before acting, and if confirmed, monitor DOGE spot and perpetual volumes, funding rates, and open interest for headline-driven volatility and flow shifts into large-cap memecoins (source: @KookCapitalLLC).