In 2024, we welcomed a significant milestone with the approval of Bitcoin and Ethereum spot ETFs for listing in the USA. With Trump officially elected, the Securities and Exchange Commission (SEC) is expected to be led by crypto-friendly officials. Many experts believe that more Cryptocurrency ETFs will receive SEC approval next year, with the most bullish candidates including SOL, XRP, LTC, and other related ETFs.
By 2025, it was initially thought that by Christmas we would see institutions applying to issue Dogecoin ETFs, but it is surprising that we still have not seen any related applications. Perhaps we will have to wait until Trump or new SEC chairman Paul Atkins officially takes office.
Currently, DOGE has dropped nearly 30% in the past two weeks.
As for the coin price, following Trump's election and the efficiency department led by the notable figure Musk, Dogecoin surged up, rising from less than $0.2 before the election to $0.475 in early December. However, it has recently shown signs of weakness and retreated, with a nearly 30% drop in the last 14 days. On the 20th, it briefly plummeted to $0.267, and at the time of writing, it reported $0.317, having risen 3% in the last 24 hours.
If a Dogecoin ETF really gets approved for listing in the USA in the future, it is expected to attract substantial inflow of funds, and its price may likely challenge the historical high of $1, which may also increase the interest of more institutions in applying for meme coin ETFs.