In 2024, we will witness a major milestone as Bitcoin and Ethereum's spot ETFs are approved for listing in the US. With Trump's official election, the US Securities and Exchange Commission (SEC) is expected to be led by crypto-friendly officials, and many experts believe that more crypto ETFs will be approved by the SEC next year, including those related to SOL, XRP, LTC, etc.
So, will we see the ETF of the meme coin king Dogecoin (DOGE) listed in the US in 2025? This topic has recently sparked discussions among ETF experts in the community.
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Experts Puzzled Why No One Has Applied for a Dogecoin ETF
Today (23rd), Nate Geraci, president of The ETF Store, expressed his puzzlement on Twitter about the lack of ETF issuers applying for a Dogecoin ETF.
It's shocking that no ETF issuers have applied for a Dogecoin ETF... What's the downside? Worst case is just marketing costs.
Curious to see who will get the "DOGE" ticker.
Regarding this question, Bloomberg senior ETF analyst Eric Balchunas also agreed, stating:
Agree. Thought we'd see one by Christmas. Maybe waiting for Trump/new SEC chair Paul Atkins to take over.
What Are the Chances of a Dogecoin ETF Listing?
Notably, according to The Block's report, although some analysts are not optimistic about the approval of a Dogecoin ETF, as Wall Street institutions prefer assets that are not born as memes, Bloomberg analyst Eric Balchunas believes we will ultimately see the emergence of a DOGE ETF. He commented in late November:
Today's irony is tomorrow's ETF. You can ask yourself, is a DOGE ETF far-fetched? I would say we will see a DOGE ETF, I think someone will try it, because why not?
Alexander Blume, CEO of Two Prime Digital Assets, also pointed out that there will definitely be institutions applying to issue a Dogecoin ETF.
With the huge success of the BTC ETF, entrepreneurial finance companies will seek to create any potentially successful product. Now, whether they will get approval is another matter. Dogecoin may have a hard time proving it is a fair market due to its high concentration of holdings.
However, I do believe the incoming SEC leadership will be generally more lenient, so a DOGE ETF may get approved sooner than we expect.
Currently, the world's first Dogecoin-related ETP fund has been listed in Sweden, and the issuer Valor is optimistic that the recent US election results will further catalyze market demand for investment in Dogecoin, providing an opportunity for Nordic investors to invest in Dogecoin.
DOGE Plunges 30% in the Past 2 Weeks
In terms of price, after Trump's election and Musk's joint control of the DOGE government's efficiency department, Dogecoin has "soared to the sky", rising from less than $0.2 before the election to over $0.475 in early December. However, it has recently shown signs of weakness, with a nearly 30% drop in the past 14 days, briefly dipping to $0.267 on the 20th. As of the time of writing, it is trading at $0.317, up 3% in the past 24 hours.
If a Dogecoin ETF is approved for listing in the US in the future, it is expected to attract significant capital inflows, and its price may challenge the historical high of $1. This may also encourage more institutions to apply for meme coin ETFs.
