Dogecoin Spot ETF Approval Odds At 75%, Bloomberg Analysts Reveal – Time To Buy Meme Coins?

Unsurprisingly, Litecoin led the list with a 90% approval likelihood, considering the US Securities and Exchange Commission already viewed it as a commodity. The LTC price has been rallying in anticipation of the imminent ETF approval. 

Dogecoin has the second-highest odds, surprisingly ahead of both XRP and Solana. Balchunas and Seyffart reveal that the SEC likely considers DOGE a commodity, even if it hasn’t explicitly labelled it as such. 

Grayscale and Bitwise have already filed their S-1 application to the SEC’s Division of Corporate Finance. Meanwhile, Seyffart believes the SEC’s Division of Trading and Markets will likely acknowledge the 19b-4 filings this week. 

Despite the analysts’ 75% odds, the likelihood of spot Dogecoin ETF approval is nearly 100%, considering Elon Musk’s pivotal role in Donald Trump’s administration. DOGE remains Musk’s favourite cryptocurrency. 

The high ETF approval odds haven’t resulted in a major upside swing. Perhaps, buyers are awaiting additional confirmation of imminent approval before buying DOGE. Alternatively, they could be doubtful about a DOGE spot ETF’s underwhelming inflows, considering Ethereum’s underperformance as compared to Bitcoin. 

In the latter scenario, experts argue that investors may be misinterpreting the situation.

For starters, Ethereum has been an underperformer throughout this bull cycle, meaning its underwhelming ETF inflows aren’t necessarily a cause for concern—or an indicator that other altcoins will face similar issues. 

As the largest meme coin, Dogecoin is fundamentally different from Bitcoin, and its ETF could attract substantial demand.

DOGE’s market capitalization is significantly smaller than Ethereum’s, with a ratio of 1:8.4. Even a fraction—just half—of Ethereum ETF inflows could trigger a substantial price rally for Dogecoin.

It is, therefore, no surprise that smart money investors are stacking Dogecoin. Prominent analyst Nebraskangooner reveals the DOGE price could dip to $0.15, which would provide an excellent opportunity for sidelined investors to load up on Dogecoin for a post-ETF approval rally. 

A Dogecoin rally could also result in a meme coin mania. 

Best Low-Cap Meme Coins To Buy

While large-cap meme coins are struggling owing to the broader market uncertainty, low-cap coins are showing impressive strength. For instance, Department of Government Efficiency (DOGE) and Neiro Ethereum are up by 22% and 9% over the past week, respectively. 

Smart money investors are also buying new meme coins, hunting for outsized returns. 

For instance, a new meme coin, BTC Bull (BTCBULL), has raised nearly $800k on the first day of its presale. 

The project, a Bitcoin-based meme coin, is built on the principle that BTC is undervalued at $100k and will hit $250,000 in the mid-term and $1 million in the coming years. 

Consequently, BTC Bull token holders will receive free Bitcoin in the form of an airdrop when the BTC price hits certain set milestones. Additionally, they will also benefit from regular token burn events and staking rewards. 

With its combination of the meme coin frenzy and Bitcoin’s fundamentals, the project has managed to create a meme token with long-term value—one which several experts believe could deliver up to 100x returns. For those interested, visit the official website of the project using the link below.

Visit BTC Bull Presale