DOGE ETF Talk Heats Up— Dogecoin Boom Ahead in 2025?
The post DOGE ETF Talk Heats Up— Dogecoin Boom Ahead in 2025? appeared on BitcoinEthereumNews.com.
The number of asset managers fighting for Dogecoin (DOGE) ETF products is growing. Beyond ETF, key industry trends can impact DOGE sentiment and price growth. The discussions about a potential Dogecoin (DOGE) Exchange-Traded Fund (ETF) approval are increasingly growing in the crypto market. This follows Bitwise’s recent filing for a DOGE ETF, signaling growing institutional interest. The filing lays the groundwork for DOGE to take off and eventually open up new pricing routes. The market is now watching to see DOGE’s highest level this year. DOGE ETF Filings On Tuesday, Bitwise submitted S-1 documents to list a DOGE ETF with the US Securities and Exchange Commission (SEC). The S-1 form is required for corporations intending to issue new securities and list on a publicly traded stock exchange. Bitwise’s submission to the SEC follows a flurry of new ETF filings tied to the Dogecoin memecoin. As CNF reported last week, investment managers Rex Shares and Osprey Funds submitted multiple crypto ETF applications, including Dogecoin and other memecoins. This filing will open the door for more institutional investment in similar projects if approved. Bitcoin ETFs made the first big step towards legitimate institutional investment in cryptocurrency in January 2024. Ethereum ETFs followed suit in July, with Solana products projected to hit markets during President Trump’s second term. With Mark Uyeda serving as the acting SEC Chair, market participants are optimistic about a possible DOGE ETF launch this year. As CNF discussed earlier, Uyeda took over from former SEC Chair Gary Gensler after his official resignation on January 20. Several market participants claim DOGE will ride a bullish trend this year. Crypto analyst Javon Marks said Dogecoin is already in a bullish pattern, aiming to hit $2.28. Elon Musk’s position in the Department of Government Efficiency (D.O.G.E) is also expected to impact Dogecoin’s…
Filed under: News - @ January 30, 2025 2:12 am