The Grayscale Investment’s Dogecoin ETF is still waiting on the green light from the US Securities and Exchange Commission (SEC). Alongside DOGE, over 70 altcoin ETFs, including XRP, Solana, and Litecoin, are stuck in the same review process.
This is a big deal for investors worldwide, especially after the massive success of Bitcoin and Ethereum spot ETFs launched last year, which have been pulling in millions daily.
Despite the delays, Dogecoin’s price hasn’t taken a major hit. In fact, DOGE is already up 48% this year. Once the ETF gets approved, it’s expected to jump even higher, with price targets pushing past the $0.50 mark. The hype is real, and things are looking up.
Why Dogecoin ETF Approval Could Be a Game-Changer
Nasdaq recently asked the SEC to approve the 21Shares Dogecoin ETF, which would hold DOGE directly, no complicated stuff like leverage or derivatives. Coinbase Custody Trust would handle the coins, and the ETF would track the actual DOGE-Dollar price.
Source: Polymarket
This move follows a registration filing by 21Shares, working with House of Doge, linked to the Dogecoin Foundation.
While the ETF isn’t approved yet, experts are already talking about it. If DOGE ETFs pull in just 30% to 50% of what Bitcoin ETFs have brought in so far, about $40 billion, that could mean $12 to $20 billion flowing into Dogecoin. That’s some serious potential fuel for the price.
Dogecoin Price Action: Steady Gains Despite Delays
Dogecoin has been on a solid run lately, up 48% in the last 30 days. It’s slowed a bit recently, with just a 6.5% increase over the past week, but it’s still pushing a hefty $35.83 billion market cap.
Source: CoinMarketCap
Now, if those ETF inflows of $12 to $20 billion actually happen, Dogecoin’s market value could more than double. Analysts break it down, so with $12 billion in ETF money, DOGE could hit around $0.34. But, if it gets $20 billion, it might reach $0.50
That’s a 95% to 190% jump in Dogecoin price from where it is now. Some fans are even saying, “If this gets approved, $1 DOGE won’t be a joke, it’ll be a milestone.”
What To Expect Once the Dogecoin ETF Gets the Green Light
The SEC is expected to make a decision on Dogecoin ETFs from Bitwise and 21Shares/Nasdaq by June 15. If approved, Dogecoin could move beyond its meme coin status and become a fully regulated financial asset. That would open the floodgates for big institutional money, retirement funds, and professional portfolio managers to jump in.
We’ve seen Bitcoin ETFs pull in nearly a billion dollars in a single day, so if Dogecoin follows a similar path, it could become a mainstream financial player fast. With its huge fan base and availability on most exchanges, the stage is set for a major breakout.
And while we watch DOGE closely, new projects like Remittix are gaining hype, with a presale that’s already catching serious investor attention. With over $15.2M raised in presale, Remittix is available for $0.0781, and it’s looking hot.
Conclusion
Dogecoin’s ETF approval could unlock massive gains, turning this meme coin into a serious player. With strong price momentum and big money waiting, DOGE’s future looks bright. Meanwhile, new projects like Remittix offer fresh opportunities, blending real-world use with crypto innovation, definitely one to watch closely.
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