Robinhood's 70% DOGE supply

custody creates centralization risks

Three pending U.S. spot Dogecoin ETF

decisions (21Shares, Grayscale, Bitwise)

could inject $2-4B in institutional

demand if approved, per Polymarket's

63% approval odds. However, the SEC

recently delayed rulings to June 2025

(XRP and Dogecoin ETF rulings delayed).

Meanwhile, Robinhood's 70% DOGE supply

custody creates centralization risks - a

single exchange sell-off could trigger

cascading liquidations.