In 2024, we welcomed the significant milestone of Bitcoin and Ethereum spot ETFs being approved for listing in the United States. With Trump officially elected, the U.S. Securities and Exchange Commission (SEC) is expected to be led by crypto-friendly officials. Many experts believe that more cryptocurrency ETFs will gain SEC approval next year, with the most promising ones including SOL, XRP, LTC, and other related ETFs.
In 2025, we initially thought that by Christmas we would see institutions applying to issue a Dogecoin ETF, but surprisingly, we still haven't seen any related applications. Perhaps we will have to wait until Trump and the new SEC Chairman Paul Atkins officially take power to see this.
However, DOGE has dropped nearly 30% in the last two weeks.
In terms of coin price, after Trump's election, and with the main figure Musk jointly leading the DOGE government efficiency department, Dogecoin surged along with the market, rising from less than $0.2 before the election to $0.475 in early December. However, it has recently shown clear signs of weakness, dropping nearly 30% in the last 14 days, with a flash drop to $0.267 on the 20th. As of the time of writing, it is reported at $0.317, having risen 3% in the last 24 hours.
If a Dogecoin ETF is indeed approved for listing in the United States in the future, it is expected to attract substantial capital inflow, and its price may very well challenge the historical high of $1, which could also increase institutional interest in applying for meme coin ETFs.
