CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinGape 2024-11-29 21:15:07

Will A Dogecoin ETF Launch In 2025?

The prospect of a Dogecoin ETF emerging in 2025 has gained attention, especially after the successful launches of Bitcoin and Ethereum ETFs in 2024. With crypto gaining more traction and a crypto-friendly administration in the White House, some experts believe that DOGE could follow in the footsteps of other digital assets. Being one of the largest meme coins, DOGE’s shift toward mainstream adoption has sparked discussions about its inclusion in the ETF market. Will Dogecoin ETF Launch in 2025 as Crypto-Friendly Policies Gain Traction? The increasing momentum around crypto ETFs has made Dogecoin a potential candidate for an exchange-traded fund. Despite its origins as a top meme coin, Dogecoin has grown in market capitalization, now ranking as the seventh-largest crypto with a valuation of $60 billion. Experts point to the success of Bitcoin and Ethereum ETFs in 2024 as a driving force behind optimism for the approval of a Dogecoin ETF. With a pro-crypto administration led by President-elect Donald Trump and figures like Elon Musk showing support for the digital asset, Dogecoin’s entry into the ETF space seems imminent. Commenting on these speculations in a recent post on X, ETF store President Nate Geraci quoted a statement by Bloomberg’s analyst Eric Balchunas stating, “Today’s satire is tomorrow’s ETF.” Could we see a DOGE ETF in 2025? Maybe.” A potential Dogecoin ETF could benefit from the evolving regulatory environment, especially with the U.S. SEC set to undergo leadership changes in 2025. Analysts suggest that Gary Gensler’s departure as SEC Chairman will pave the way for more crypto ETF approvals. Price Surge Amid ETF Speculation Dogecoin price has seen an uptick as speculations surrounding the possible launch of an ETF continue to grow. Following reports of a potential ETF filing, the Dogecoin price surged from $0.3986 to $0.43 in 24 hours, marking a 9% increase. Additionally, Dogecoin price has shown promise in recent weeks, gaining more than 150% in November alone. Analysts are predicting that the DOGE price will reach $1 in December 2024, especially if it manages to break key resistance levels. If DOGE manages to sustain its upward trajectory, a breakout above $0.50 could trigger more upside to $1 or higher by the end of the year. Adding to the bullish outlook, Dogecoin whale moved over 1.1 billion DOGE, worth $445 million, in three large transactions. This significant accumulation signals growing confidence among major investors, fueling speculation of a potential price rally. The post Will A Dogecoin ETF Launch In 2025? appeared first on CoinGape .

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.