After the approval of Bitcoin and Ethereum ETFs, ETF applications for altcoins such as XRP and Solana (SOL) are coming, while analysts think that these ETFs could be approved in 2025 with the Donald Trump administration.
At this point, while Trump is expected to take office as president, ETF Store president Nate Geraci revealed an interesting situation regarding Dogecoin (DOGE).
Pointing out that no fund manager has so far applied to the SEC for a spot Dogecoin ETF, Geraci expressed his curiosity as to who will be the first to apply for DOGE.
Responding to this post, Bloomberg senior ETF analyst Eric Balchunas said that the Dogecoin ETF application will be awaited after US President-elect Donald Trump takes office.
The analyst added that Trump’s inauguration would set a precedent for investment fund managers to apply for a spot Dogecoin ETF.
Finally, Balchunas stated that Paul Atkins’ appointment as SEC chairman would significantly increase the chances of crypto ETFs being approved.
“I agree. I thought someone would file for a Dogecoin ETF by Christmas. But now we can wait until Atkins and Trump are inaugurated.”
Dogecoin (DOGE) continues to trade at $0.31 at the time of writing.
https://twitter.com/EricBalchunas/status/1870996999782437071
*This is not investment advice.
