Dogecoin ETF is possible
In addition, analysts told Decrypt that with the approval of spot Bitcoin and Ethereum ETFs in the United States earlier this year, Dogecoin-based ETFs may also be launched in the United States in the future and open to investors. This means that Dogecoin may be able to further expand its market influence with this trend.
"The ETF industry has a characteristic of 'throwing spaghetti at the wall', they try a variety of different things, and I think we are likely to see multiple attempts, including Dogecoin," Eric Balchunas, ETF analyst at Bloomberg, told Decrypt in November.
Whether this Dogecoin ETF will be approved next year is still up in the air. However, some issuers are already considering including Dogecoin in their future exchange-traded products. According to a blog post published in October last year, Grayscale is already considering including Dogecoin in its future cryptocurrency ETF products.
In addition, Valour, a subsidiary of Canadian cryptocurrency company DeFi Technologies, launched the Valour Dogecoin (DOGE) SEK ETP in Sweden in November this year, which is the first exchange-traded product in the region to offer Dogecoin (the meme coin).
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