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 U.S. Securities and Exchange Commission (SEC) is expected to be dominated by crypto-friendly officials. Many experts believe that more cryptocurrency ETFs will receive SEC approval next year, with SOL, XRP, LTC, and other related ETFs being the most favored.
So, will we see the meme coin king Dogecoin (DOGE) listed as an ETF in the U.S. by 2025? Recently, this topic has sparked discussions among ETF experts in the community.
Experts express confusion over the lack of Dogecoin ETF applications.
Today (23rd), The ETF Store President Nate Geraci stated on Twitter that surprisingly, no ETF issuers have applied for a Dogecoin ETF so far, questioning its potential. He believes that the worst-case scenario would merely be a marketing expense issue.
Bloomberg senior ETF analyst Eric Balchunas agrees, originally thinking that relevant applications would be seen before Christmas, but perhaps we will have to wait until Trump or the new SEC chairman Paul Atkins takes office.
Is there a good chance for a Dogecoin ETF to be listed?
Although some analysts are cautious about the approval of the Dogecoin ETF, believing that Wall Street prefers non-meme assets, Bloomberg analyst Eric Balchunas believes that the DOGE ETF will eventually come to fruition. He stated, "Today's irony may become tomorrow's ETF." He believes that there is a market demand for the Dogecoin ETF.
Alexander Blume, CEO of Two Prime Digital Assets, also supports this view, believing that with the success of the BTC ETF, more entrepreneurial financial companies will strive to launch a DOGE ETF. Despite the high market concentration of Dogecoin holdings, Blume believes that the new SEC management may be more lenient, and the DOGE ETF may be approved sooner than expected.
Currently, the world's first Dogecoin-related ETP fund has been listed in Sweden. The issuer Valor is optimistic that the results of the U.S. election could further drive demand for Dogecoin investment, providing Nordic investors with investment opportunities.
DOGE recently plummeted 30%
Dogecoin surged under Trump's election and Musk's promotion, skyrocketing from less than $0.2 before the election to $0.475 at the beginning of December. However, the price has fallen nearly 30% in the past two weeks, plummeting to $0.267 on December 20, and is currently at $0.317, up 3% in the last 24 hours.
If the DOGE ETF is approved in the U.S. in the future, it is expected to attract a large influx of funds, pushing the coin price to challenge the historical high of $1, and possibly triggering more institutions to apply for meme coin ETFs.
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