SEC Approves BTC & ETH ETFs—Is DOGE Heading to $2.60 Next?
The post SEC Approves BTC & ETH ETFs—Is DOGE Heading to $2.60 Next? appeared on BitcoinEthereumNews.com.
The SEC just gave the green light to Bitwise’s spot Bitcoin and Ethereum ETFs, marking a huge win for crypto investors and mainstream adoption. This approval marks a major milestone in the institutional acceptance of cryptocurrencies, making it easier for traditional investors to gain exposure to BTC and ETH via regulated financial products. This move is expected to increase institutional demand for both Bitcoin and Ethereum, reducing supply in circulation and potentially driving prices higher. Following the success of these approvals, Bitwise is now pushing for another groundbreaking ETF—Dogecoin. Bitwise Files for the First Spot Dogecoin ETF After securing approvals for Bitcoin and Ethereum ETFs, Bitwise has officially filed for a spot Dogecoin ETF. If approved, this would be the first ETF to offer direct exposure to DOGE, bringing the meme-based cryptocurrency into the institutional investment arena. Buy Dogecoin on Kraken Why Is This Important? A Dogecoin ETF would make it easier for hedge funds, pension funds, and other institutional investors to gain exposure to DOGE without the need to buy and store it themselves. Increased institutional adoption could drive up demand, reducing volatility and potentially boosting Dogecoin’s market price. Approval would legitimize Dogecoin as a financial asset, moving it beyond its meme coin status. Currently, DOGE is one of the most recognized cryptocurrencies, with strong community support and growing utility in payments and tipping. If the ETF gets the green light, it could be a major catalyst for Dogecoin’s next bull run. Dogecoin Price Predictions: Could DOGE Hit $2.60? With speculation around a spot DOGE ETF, analysts are already forecasting major price movements. Here’s what two key sources predict: 1. Analyst Prediction: DOGE to $2.35 – $2.60 According to ChandlerCharts on X (formerly Twitter), if the Dogecoin ETF gets approved, we could see DOGE surge to a price range between…
Filed under: News - @ January 31, 2025 6:20 am