Bloomberg ETF analysts James Seyffart and Eric Balchunas have assigned a 75% probability to the approval of Dogecoin (DOGE) exchange-traded funds (ETFs) in the coming months.
Their estimate follows a shift in the U.S. regulatory climate, which has seen the Securities and Exchange Commission (SEC) become more open to cryptocurrency-based investment products.
According to the analysts, Litecoin (LTC) ETFs lead the approval race with a 90% probability, followed by Dogecoin.
Other cryptocurrencies, including Solana (SOL) and XRP, were given 70% and 65% chances of approval, respectively.
NEW: @EricBalchunas and I took a look at the filings for spot crypto ETFs. We’re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.
Here’s the table with the odds and some other details: pic.twitter.com/xaXaNXLb0M
— James Seyffart (@JSeyff) February 10, 2025
Dogecoin ETF Filings Gain Momentum
Dogecoin has historically been seen as a highly speculative asset, but its strong community support and increasing adoption have made it a candidate for institutional investment products. The recent SEC filings for Dogecoin ETFs indicate that asset managers believe the token has matured enough to be included in regulated financial products.
The changing stance of U.S. regulators under the Trump administration has also played a role.
Since Trump took office in January, the U.S. government has adopted a more crypto-friendly approach, leading to new ETF applications for altcoins beyond Bitcoin and Ethereum.
Seyffart noted that filings for Dogecoin ETFs are expected to be acknowledged by the SEC this week, marking an important first step in the approval process.
Why a Dogecoin ETF Matters
The approval of a spot Dogecoin ETF would have significant implications for the cryptocurrency market, particularly for institutional investors looking for regulated exposure to DOGE. Unlike retail investors who trade on crypto exchanges, institutional investors often require investment vehicles like ETFs to safely allocate capital to digital assets.
If approved, a Dogecoin ETF could lead to:
- Increased liquidity in DOGE markets as institutional capital flows in.
- Greater legitimacy for Dogecoin as an investment asset.
- A potential price rally due to heightened investor interest.
Dogecoin has already benefited from the changing market sentiment, rising 6% in the past 24 hours amid broader crypto market gains.
What’s Next?
The SEC’s next steps will be crucial in determining the future of Dogecoin ETFs. If filings are formally acknowledged this week, it could signal a smoother approval process. However, regulatory uncertainties still exist, especially regarding whether Dogecoin should be classified as a commodity or security.
With increasing institutional interest and a regulatory environment that is more open to crypto ETFs, Dogecoin could soon take a major step toward mainstream financial adoption.
