The cryptocurrency market is once again entering an exciting period. Spot ETF applications for Dogecoin (#DOGE ) and Aptos (#APT ) are under active review by the U.S. Securities and Exchange Commission (#SEC ). This development could mark a turning point in the crypto world.
🔍 Updated ETF Applications from Bitwise
Crypto asset manager Bitwise filed updated S-1 filings for Dogecoin and Aptos with the SEC on Thursday. Significant changes in these documents indicate that the applications are now on the SEC’s agenda and are moving into the review process.
Of particular note is the method called “in-kind creations and redemptions.” This method allows ETF investors to buy and sell shares directly with the relevant crypto assets instead of cash.
📊 Strong Comment from Analysts: “Positive Signal for the Approval Process”
Eric Balchunas, Bloomberg’s experienced ETF analyst, stated in his assessment on the social media platform X that these application updates made by Bitwise show that the SEC is actively participating in the process. Balchunas emphasized that this could be a harbinger of a possible approval.
Balchunas also said that the “in-kind” model is now very close to becoming a standard in the ETF world and that this has been a development that investors have been waiting for a long time.
🗣 Optimistic Statements from the SEC Front
Commissioner Hester Peirce, one of the crypto-friendly names of the SEC, said in a recent statement that it is very likely that the “in-kind” method will be accepted in ETF structures in the future and that this model is being seriously considered within the SEC. This is considered a very strong signal for altcoin ETFs such as Dogecoin and Aptos.
📈 Is Altcoin ETF Approval Possible This Year?
Bloomberg analysts state that spot ETF applications for highly popular altcoins such as Dogecoin and Aptos could be approved with a 90% probability this year. This rate is a great source of hope for the crypto community, while DOGE and APT investors have already started to take their positions.
💬 Conclusion: A New Era May Be Beginning in Crypto
This interaction with the SEC on the ETF journey of popular altcoins such as Dogecoin and Aptos points to a deeper integration of the cryptocurrency market with traditional financial systems. A Dogecoin or Aptos spot ETF to be approved could herald serious increases in the prices of these assets.
The process that started with Bitcoin ETFs in 2024 is now continuing with meme coins and new generation layer-1 projects. The next big ETF approval could be Dogecoin or Aptos!