📢 Bloomberg Analyst: Doubts about the absence of Dogecoin ETF applications this Christmas; hopes may only arise with the Trump administration's inauguration.

Bloomberg analyst Eric Balchunas expressed surprise that no ETF issuers have applied for a Dogecoin ETF at this time.

He believes that, especially after cryptocurrencies like Bitcoin and Ethereum have gradually gained market acceptance, it was expected to see applications for a Dogecoin ETF around Christmas, but so far, no one has come forward.

Whether retail investors or within the cryptocurrency community, Dogecoin has a large base of supporters in the market, and there is much anticipation for such meme coin ETFs; however, the response from financial institutions has been unexpectedly slow.

Balchunas believes that applications for a Dogecoin ETF may have to wait until the new chairman of the SEC, Paul Atkins, and the Trump administration are officially in office before any action is taken. Atkins may adopt a more friendly stance toward the cryptocurrency market, which would help the development of meme coin ETFs.

Previously, Hany Rashwan, CEO of ETF issuer 21Shares, stated that the market expects the Trump administration to implement "friendly cryptocurrency regulations," which would have a positive impact on the industry and further lead to the introduction of more cryptocurrency ETFs in the U.S. market.

Perhaps we will only see many meme coin ETFs launched once Trump’s new team is fully in office.