Following the approval of Bitcoin and Ethereum ETFs, applications for ETFs for altcoins such as XRP and Solana (SOL) are also expected. Analysts predict that these ETFs could be approved in 2025, during Donald Trump’s presidency.
With these developments, as Trump is expected to take office as president, ETF Store President Nate Geraci said that Dogecoin (DOGE)$DOGE
He brought up a notable situation regarding DOGE. Noting that no fund manager has applied to the SEC for a spot Dogecoin ETF so far, Geraci stated that he wonders who will be the first to apply for DOGE.
Responding to this post, Bloomberg’s senior ETF analyst Eric Balchunas stated that the spot Dogecoin ETF application should wait for Donald Trump, who was elected as the US president, to take office. The analyst stated that Trump’s inauguration would lead investment fund managers to apply for Dogecoin ETFs.
Balchunas also added that the appointment of Paul Atkins as SEC chairman would significantly increase the chances of crypto ETFs being approved. “I agree. I thought someone would file for a Dogecoin ETF by Christmas. But now we can wait for Atkins and Trump to officially take office,” he said.
At the time of writing, Dogecoin (DOGE) was trading at $0.31.