Is the Dogecoin ETF coming? The Trump era may reveal the truth
Will the Dogecoin ETF become a new favorite? The bull market is in full swing, and Dogecoin is soaring to historical peaks, with big players stocking up.
Whales are spending lavishly, easily acquiring millions of Dogecoins, and the hope for ETF approval is growing stronger; the future of Dogecoin looks very bright. A new record is just around the corner?
Recently, altcoin projects have been incredibly popular, thanks to the victories in the cryptocurrency world and those American leaders supporting digital assets. Especially the institutional investors, who have changed their attitude in the past few weeks and are optimistic.
Did you know? Many investment fund managers have applied to the SEC (U.S. Securities and Exchange Commission) for altcoin ETFs, including Solana, XRP, and Litecoin. The web3 industry is seeing an increasing amount of capital.
Speaking of the Dogecoin ETF, when will it launch? Dogecoin is the leader in the memecoin space, and Elon Musk is a loyal fan. The Dogecoin network is also robust, with a proof-of-work consensus mechanism ensuring security, and there are over 5.9 million holders on-chain.
However, no investment fund manager has submitted an application for the Dogecoin ETF to the SEC yet. But Eric Balchunas, a senior ETF analyst at Bloomberg, said that once Trump is in office, the application for the Dogecoin ETF is likely to come.
Moreover, if Paul Atkins becomes the SEC chairman, the hope for crypto ETF approvals will be even greater.
Balchunas also revealed a little insider information, saying that if he were to place a bet, he would choose Venuto's Dogecoin stock reserves. Oh, and by the way, Tuttle is his most favored ETF applicant.
Recently, whales have been wildly shopping; according to on-chain data analysis from Santiment, during the market downturn, big players bought 250 million Dogecoins, spending over 77 million dollars.
For the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, where an expected growth space of more than 10 times is not a problem. If you want to make big money in the bull market, like + comment, and I'll take you to layout the entire bull market!
