Trump’s Inauguration Could Pave the Way for Spot Dogecoin ( $DOGE ) ETF, Says Bloomberg Analyst
Eric Balchunas, a Senior ETF Analyst at Bloomberg, suggested that the inauguration of U.S. President-elect Donald Trump in January 2025 could create opportunities for investment fund managers to propose a Spot Dogecoin (DOGE) ETF.
“If I had to guess, Venuto would be the one to propose a DOGE ETF. Although Tuttle could also potentially apply,” Balchunas wrote in a post on his X platform on Monday (23/12).
This prediction is fueled by growing pro-crypto sentiment among U.S. leaders, which has encouraged widespread adoption of altcoins cryptocurrencies other than Bitcoin (BTC) especially by institutional investors.
In recent weeks, multiple investment fund managers have already submitted applications for spot ETFs tied to altcoins such as Solana ( $SOL ), XRP, and Litecoin ( $LTC ) with the Securities and Exchange Commission (SEC).
With Trump’s administration expected to introduce crypto-friendly policies, the potential approval of DOGE ETFs could mark another milestone for altcoin adoption in mainstream finance.
