Dogecoin ETF Could Launch by April 2025: Can DOGE Price Hit $1 ?
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Dogecoin is stealing the spotlight again! Bitwise Asset Management has registered an entity named “BITWISE DOGECOIN ETF” in Delaware, sparking speculation about an upcoming SEC filing. While not an official ETF application yet, this move could pave the way for Dogecoin to join the ranks of Bitcoin and Ethereum in the ETF space.
Adding to the excitement, Dogecoin’s logo now appears on the newly established U.S. Department of Government Efficiency (D.O.G.E.) website, created by executive order on January 20, 2025. This quick nod to the meme coin has further fueled investors’ interest in DOGE.
What’s Brewing?
Bitwise’s registration is a strategic step toward filing a Form S-1 with the SEC. Bloomberg ETF analyst Eric Balchunas confirmed the legitimacy of this move, estimating that a Dogecoin ETF could launch as early as April 2025 if approved. Nate Geraci, president of the ETF Store, expressed surprise that no issuer had pursued a Dogecoin ETF sooner.
The SEC’s recent approval of Bitcoin and Ethereum ETFs indicates a more favorable stance toward crypto funds. The resignation of former SEC Chair Gary Gensler has also sparked hopes for the approval of spot ETFs, including Dogecoin. Clearing DOGE at this moment will be crucial as Trump is already making the crypto crazy with his meme love and promises of laying crypto-friendly rules. With a new administration and retail adoptions in the future, the market will open for DOGE, though it all depends on SEC approval.
DOGE Market Sentiment
Following the news, Dogecoin’s price soared 4% to $0.373 before it settled around $0.36. Whale activity surged, with major holders accumulating 590 million DOGE tokens within 24 hours. These wallets now hold 47.7 billion DOGE—roughly 30% of the total supply. While this reflects bullish sentiment, the concentration of holdings raises concerns about potential volatility if whales decide to sell.
Looking at the DOGE rise, Crypto analysts are buzzing with predictions. Trader Mikybull spotted a bullish flag pattern that could push DOGE to $2 if confirmed. Meanwhile, Ali Martinez has given a bold price target of $15 if a Dogecoin ETF gets an early SEC approval.
DOGE is giving a bull vibe with the latest buzz of ETF coming sooner than expected it will be a huge buy opportunity for retail investors who are looking to divert their portfolio from big brands due to market fluctuations. The coins lesser than $1 are hot cake for getting maximum profit at present as once SEC approves these low cap assets it will give maximum returns in a shorter time.
With whales buying big, analysts predicting massive gains, and Bitwise laying the groundwork, Dogecoin might just be gearing up for its next big leap!
