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BitcoinSistemi 2024-11-29 16:32:07

Speculation Grows: Will There Be Dogecoin (DOGE) Spot ETF Approval in 2025?

Speculation Grows: Will There Be Dogecoin (DOGE) Spot ETF Approval in 2025?

The cryptocurrency world witnessed groundbreaking progress in 2024 with the approval and success of Bitcoin and Ethereum ETFs. As the United States embraces a pro-crypto administration under President-elect Donald Trump, speculation is growing about the potential launch of a Dogecoin ETF in 2025. “I think everything is on the table under the new administration,” ETF Store President Nate Geraci said in an interview. President-elect Trump has declared a vision to position America as the “Bitcoin capital of the world.” To further this agenda, Trump announced the creation of the Department of Government Efficiency (DOGE), a nod to Dogecoin, led by Dogecoin fan Elon Musk. Geraci noted that regulatory clarity is key to advancing more crypto ETFs. “The hope is that the new administration will move quickly to determine which crypto assets are securities and which are not,” he explained. “Once this framework is in place, the approval path for additional spot crypto ETFs will become much clearer.” Related News: There is a Danger of Excessive Leverage Accumulation in Bitcoin: But Is There Any Need to Panic? While the focus has shifted to the broader crypto ETF landscape, recent developments suggest that a Solana ETF could launch before any Dogecoin funds. The Cboe BZX exchange has already filed four applications for spot Solana ETFs, with analysts predicting approval as early as mid-2025. “I’m pretty confident we’ll see a Solana ETF trading in the first half of 2025,” said Louis Sykes, crypto analyst at All-Star Charts. “DOGE is much less likely…let’s just say Wall Street prefers assets that weren’t born as a memecoin.” “Today’s humor is tomorrow’s ETF,” said Eric Balchunas, Bloomberg’s senior ETF analyst. “You can ask yourself, ‘Is DOGE a long shot?’ and I would say we’ll see. I think someone will try it because why not?” Alexander Blume, CEO of Two Prime Digital Assets, agrees that Dogecoin ETF applications are inevitable. “With the phenomenal success of BTC ETFs, venture capital firms will look to create any product that can be successful,” Blume said. However, he warned that highly concentrated holders of Dogecoin could create difficulties in proving a fair market. *This is not investment advice. Continue Reading: Speculation Grows: Will There Be Dogecoin (DOGE) Spot ETF Approval in 2025?

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