The largest meme coin, Dogecoin, may eventually receive its own spot ETF on Wall Street, according to Bloomberg ETF analyst Eric Balchunas. While spot Bitcoin and Ethereum ETFs have been approved this year, it remains to be seen how regulators will treat applications for other crypto ETFs, including Dogecoin. The Securities and Exchange Commission (SEC) has historically required regulated futures markets and substantial liquidity for digital assets to be considered for spot ETFs. However, if there is regulatory clarity and demand from retail investors, Dogecoin could eventually be approved for an ETF. Other tokens such as Ripple, Solana, and Avalanche are seen as potential candidates for ETFs before Dogecoin. Grayscale, a leading asset manager, has acknowledged the real use case and usage of Dogecoin and has considered including it in future products.



Other News from Today