Spot Dogecoin ETF Gains SEC Traction—Is A Price Surge Next?
Bitwise Asset Management filed an amended S-1 for a Dogecoin ETF on June 26, allowing “in-kind” creations and redemptions, aligning it with SEC-approved structures for spot-bitcoin and spot-ether products. This change indicates deeper SEC engagement with ETF mechanics. Bloomberg Intelligence analysts suggest a high probability of approval for pending altcoin ETFs, including Dogecoin, estimating odds at 90% or higher due to positive SEC interactions. However, prediction markets show lower confidence, with a 69% chance for a 2025 approval and only 13% for approval by July 31. Dogecoin's price is currently around $0.161, down 2%, with technical analysis indicating support levels between $0.143 and $0.127. Market conditions and Federal Reserve policies are seen as crucial for future price movements.
