CandleFocus Bloomberg ETF Analyst Hints Dogecoin Spot ETF Filing Under Trump Presidency
2024-12-23
Author: Content Editor
The adoption of altcoin projects in the cryptocurrency industry has been growing due to increased support from US leaders and institutional investors. More investment fund managers are filing for altcoin ETFs, including Solana, XRP, and Litecoin, with the SEC. However, no fund managers have filed for a Dogecoin ETF yet. The inauguration of President-elect Donald Trump and the appointment of Paul Atkins as SEC chair could improve the chances of crypto ETF approvals. Crypto whales have purchased a significant amount of Dogecoin during the recent market dip. Dogecoin is currently in a midterm correction phase but could rebound soon. The weekly RSI suggests that DOGE price may aim for an all-time high.
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