Idea A Dogecoin (DOGE) Exchange-Traded Fund (ETF) It has been uploaded again. This is partly due to positive feelings about potential approval Ethereum ETFsWhich cryptocurrency experts believe may open the door for others Crypto money.
Prospects for Dogecoin ETF 'brighter than ever'
Crypto venture capitalist (VC) Andrew Kang mentioned in X (formerly Twitter) mail “The prospects for the DOGE ETF look brighter than ever,” he said, with regulatory clarity for the cryptocurrency industry appearing imminent. Kang was referring to financial innovation and technology in the 21st century (FIT21) Invoicewhich aims to give cryptographic regulation to Commodity Futures Trading Commission (CFTC).
This is not the first time Kang has discussed the possibility of approving a Dogecoin ETF. In March, cryptocurrency expert Mentioned That there is a 30% chance of eventually being approved for an investment fund related to the main meme currency. He pointed to recent regulatory developments as a reason behind these hopes.
Moreover, highlighted Donald Trump Winning the presidency and Dogecoin being the “most decentralized” altcoin as factors that could help the approval of the DOGE ETF. Meanwhile, in January, it was stated that Dogecoin is one of the largest coins with a market cap that was not previously sold and was never floated. It is considered a wishThat's why it deserves its own ETF.
Kang also seems more confident about approving a Dogecoin ETF thanks to… New developmentsWhich indicates that the SEC will likely approve Spot Ethereum ETFs. He mentioned in a hadith Share X It is “possible that the ETH ETF approval is not just an isolated event” but a first step in a “complete shift” in the government's anti-crypto stance.
Cryptocurrency expert Anthony Pompliano He also believes that the approval of the Spot Ethereum ETF could be the start of great things for the cryptocurrency industry. He stated in X's post that they “would be approving of the entire industry” if they approved the ETF. “This is the last dam to be broken,” he claimed.
These positive sentiments could push DOGE to new highs
There is no doubt that the price of Dogecoin could rise to new highs if the launch of a Dogecoin ETF becomes possible. had become Clear To what extent can the cryptocurrency price react positively to the hype surrounding the potential approval of an ETF, as we saw with the price of Bitcoin before when Spot Bitcoin ETFs approved.
at recent days, Ethereum price increased Following the news that the SEC had taken a complete U-turn and was ready to approve Spot Ethereum ETFs. So, Doji price You are expected to see a significant price increase if an order is placed to second To launch the Dogecoin ETF.
Featured image created with Dall.E, chart from Tradingview.com