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The cryptocurrency marketplace is lasting astatine the borderline of a implicit overhaul arsenic it continues to present and debut caller elements. With President Donald Trump taking complaint of the market, the cryptocurrency marketplace is present much progressive than ever, and bullish elements are being introduced that beforehand progressive usage cases of the domain. In this wake, Bitwise has precocious applied to motorboat a Dogecoin ETF, giving the token’s rising colonisation successful the domain. If the US SEC approves the aforementioned token’s application, it would beryllium a crippled changer for the domain. Here’s however precocious this improvement whitethorn compel Dogecoin to emergence successful the adjacent future.
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Dogecoin ETF May Soon Become A Reality
Source: Crypto News FlashA caller constituent successful the cryptocurrency marketplace is catching pace, with starring tokens being introduced arsenic ETFs. Yesterday, Rex and Osprey submitted applications to motorboat Doge and XRP ETFs, and present Bitwise has joined the spree to motorboat a Dogecoin ETF. The steadfast has already filed for a imaginable DOGE ETF with the US SEC, taking the marketplace by utter surprise.
Dogecoin is gaining immense momentum owed to its beardown relation with Tesla main Elon Musk. Musk’s starting to pb the Department of Government Efficiency, known arsenic D.O.G.E, has besides credibly bolstered the token’s popularity. In his inaugural session, Musk uttered a astonishing operation stating however helium intends to instrumentality “DOGE to Mars.” This condemnation was met with large ambiguity, helping the token summation much strength.
“We’re gonna instrumentality DOGE to Mars!” – Elon Musk pic.twitter.com/aCiNFQBNeo
— Sir Doge of the Coin
(@dogeofficialceo) January 20, 2025
In summation to this, Eric Balchunas, elder ETF expert astatine Bloomberg, besides shared the quality connected X, adding that this Doge ETF improvement is genuinely legitimate, eliminating rumors circulating successful the space.
Bitwise Doge ETF apt coming soon.. and yes I checked and this is def legit (vs immoderate whack occupation committing forgery for a speedy pump a la BlackRock XRP that 1 time). pic.twitter.com/MxoswD0IFy
— Eric Balchunas (@EricBalchunas) January 22, 2025Also Read: Cryptocurrency: Top 3 Meme Coins To Stash In Donald Trump’s Presidential Reign
AI Predicts Token’s Price If SEC Approves The ETF
Source: ChatGPTPer AI, if the SEC approves a Dogecoin ETF successful the adjacent future, this improvement whitethorn propulsion Dogecoin’s terms to deed $0.50 successful the short-term surge.
The portal aboriginal adds however sustained inflows successful the DOGE ETF whitethorn aboriginal propulsion the token to deed $0.75-$1.
The semipermanent imaginable of the aforementioned ETF could connote Doge hitting $1.50 if the ETF manages to found credibility successful the agelong haul.
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