๐ Countdown to Dogecoin's First ETF: A Historic Step in the Crypto Market
The cryptocurrency market is heading towards a new turning point. It has been reported that the first exchange-traded fund (#ETF ) for Dogecoin ($DOGE ), the most popular of the meme coins, could launch next week. This development is significant because it will both boost corporate earnings and raise new regulatory debates surrounding crypto.
๐ Bloomberg's Conflicting Claim: #DOGE ETF on the Way!
Bloomberg analyst Eric Balchunas announced that REX Shares and the US Securities and Exchange Commission (SEC) may jointly approve a Dogecoin ETF (DOJE). This ETF will offer investors direct access to DOGE's price movements through the exchange.
The fund is planned to open a regulatory framework for the company's Solana (SOL) staking ETF, which is currently under the "40 Act." While crypto ETF applications typically proceed through Forms S-1 and 19b-4, this product provides direct access to DOGE resources through a subsidiary established in the Cayman Islands. Experts describe this method as "regulation global (regulatory edge environment)."
๐ DOGE ETF Could Open a New Door to Crypto
The approval of the Dogecoin ETF would be a first in the cryptocurrency space. Major companies like Grayscale and Bitwise previously attempted DOGE ETF transactions but failed to achieve results. If it begins trading under the ticker symbol DOJE, it could open a new chapter in corporate identity access to Dogecoin.
This step:
Could trigger institutional FOMO.
Interest in meme coins is not limited to institutional sizes.
Crypto ETFs could create a new category in the home market.
๐ Dogecoin Market Performance
Dogecoin has surged 116% in the past year. However, it has retreated 54% from its peak of 0.46 in December 2024. At the time of writing, the DOGE price is $0.21, and its total market capitalization is $32 billion.
If DOGE is separated from the ETF, it would not be surprising if the price regains upward momentum and tests new highs due to intense interest.
๐ฎ Conclusion: A Historic Opportunity for DOGE
The sale of the Dogecoin ETF could be a turning point not only for DOGE, but for the entire meme coin ecosystem. This development is seen as the biggest step in the cryptocurrency's journey from "joke coin to institutional asset."
๐ข If the SEC greenlights the DOJE fund, it could ignite a new bull season for Dogecoin.
