CandleFocus Bloomberg Analyst Gives Best Date to Submit Dogecoin ETF Application
2024-11-21
Author: Content Editor
Bloomberg's senior ETF analyst, Eric Balchunas, predicts that a Dogecoin ETF filing could occur on December 31. Despite Dogecoin being considered a joke coin, its growing popularity and ties to Elon Musk have fueled speculation about an ETF that tracks its performance. Balchunas suggests that an application for a Dogecoin ETF could be imminent and echoes the sentiment expressed by Nate Geraci, president of ETF Store, that such a filing could be a marketing stunt to connect with the Dogecoin community. Geraci also mentions other crypto assets awaiting ETF approval, such as Solana, XRP, Hedera, Cardano, and Avalanche. The potential for friendlier crypto regulations under Trump's administration could lead to more ETF approvals and ignite an ETF application frenzy.
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