ETF Spot Dogecoin? For Some, Reality Will Surpass Fantasy

The new Trump administration has paved the way for the approval of new ETFs: Solana is currently in line, but there’s also a chance for DOGE.

A New Era for Crypto ETFs

2024 is the year of spot Bitcoin ETFs. They have brought BTC back to prominence, thanks to a surge of new institutional liquidity, and have proven to be a fundamental tool for integrating the first cryptocurrency into traditional financial mechanisms.

Donald Trump’s election as the new U.S. president has completely changed the game. He proposes making the United States the "Bitcoin Capital" and, together with Elon Musk, signals interest in the rest of the sector, as shown by the creation of the “DOGE” department for “government efficiency.”

After Bitcoin, many believe it’s time for the rest of the sector to follow. Ethereum is already covered, but many other tokens are still waiting in line.

The new administration must first resolve the long-standing issue of whether cryptocurrencies are “securities” or “commodities,” categorizing them under a clearer regulatory framework. Once this is done, the path to approving new ETFs could become much smoother.

A Spot DOGE ETF?

This is the hope of numerous funds already working to plan the launch of new crypto ETFs. Solana is first in line, and some speculate that a product for SOL could launch by the end of 2025.

But immediately following Solana, Dogecoin (DOGE) might be a serious candidate. It may seem absurd now, but the first memecoin is currently the sixth-largest cryptocurrency by market capitalization, sitting at around $60 billion.

As Eric Balchunas, a Bloomberg analyst, aptly told The Block: “Today’s satire is tomorrow’s ETF.” Traditional finance, after all, while not fully embracing assets born as “memes,” is ultimately driven by profit opportunities. Therefore, it’s not unthinkable that some firms might push for the creation of a DOGE ETF if it presents a viable chance for gains.

Additionally, with a more lenient SEC under the Trump administration, the process could be much faster than expected. 2025 will likely see a landscape without Chairman Gary Gensler, a fierce opponent of the industry, and with Chris Giancarlo, former chairman of the CFTC, taking up the newly announced but not yet well-defined role of “Crypto Czar,” as introduced by Trump.

By Gue22 🚀⚡