In 2024, we welcomed the significant milestone of Bitcoin and Ethereum spot ETFs being approved for listing in the U.S. With Trump officially elected, the SEC is expected to be led by crypto-friendly officials, and many experts believe that more cryptocurrency ETFs will gain SEC approval next year, among which SOL, XRP, LTC, and related ETFs are the most promising.

So will we see the king of meme coins, Dogecoin (DOGE), listed as an ETF in the U.S. by 2025? This topic has sparked discussions among ETF experts in the community recently.

Experts are puzzled as to why no one has applied for a Dogecoin ETF yet.

Today (23rd), The ETF Store president Nate Geraci tweeted expressing confusion over why no ETF issuer has applied for a Dogecoin ETF.

Shockingly, ETF issuers have not yet applied for a Dogecoin ETF... What are the drawbacks? The worst-case scenario is that it is a marketing expense.

I wonder which company will end up with the 'DOGE' stock symbol.

In response to this question, Bloomberg senior ETF analyst Eric Balchunas also agreed, pointing out that:

Agreed. I originally thought we would see someone apply by Christmas. Maybe we have to wait until Trump/SEC Chair Paul Atkins officially takes power.

Is there a high chance of a Dogecoin ETF being listed?

It is worth noting that, according to The Block's report, although some analysts are not optimistic about the Dogecoin ETF being approved for listing because Wall Street institutions prefer assets that were not born as memes, Bloomberg analyst Eric Balchunas believes we will ultimately see the emergence of the DOGE ETF, commenting at the end of November:

Today's irony is tomorrow's ETF. You can ask yourself if the DOGE ETF is far away. I want to say we will see a DOGE ETF, I think someone will try it, because why not?

Alexander Blume, CEO of Two Prime Digital Assets, pointed out that there will definitely be institutions applying to issue a Dogecoin ETF.

With the tremendous success of the BTC ETF, entrepreneurial financial companies will seek to create any product that may succeed. Whether they will receive approval is another matter.

However, I do believe that the incoming SEC management will generally be more lenient, so the DOGE ETF may be approved earlier than we expect.

Currently, the world's first Dogecoin-related ETP fund has been listed in Sweden, with issuer Valor optimistic that the recent U.S. election results will further catalyze market demand for Dogecoin investment, thus providing Nordic investors with an opportunity to invest in Dogecoin.

DOGE has dropped 30% in the last two weeks.

In terms of coin price, after Trump was elected and the top influencer Musk co-led the DOGE efficiency department, Dogecoin followed suit, soaring from less than $0.2 before the election to $0.475 in early December, but has recently shown significant weakness, dropping nearly 30% in the past 14 days, and on the 20th it briefly fell to $0.267, currently reported at $0.317, up 3% in the last 24 hours.

If the Dogecoin ETF is indeed approved for listing in the U.S. in the future, it is expected to attract considerable capital inflow, and its coin price is likely to challenge the historical high of $1, which may also increase interest from more institutions in applying for meme coin ETFs.