The
idea
of
a

Dogecoin
(DOGE)
exchange-traded
fund
(ETF)

has
been
raised
again.
This
is
partly
due
to
the
positive
sentiment
around
a
potential
approval
of
the

Spot
Ethereum
ETFs,
which
crypto
experts
believe
could
open
the
door
for
other

crypto
funds. 

The
Odds
For
A
Dogecoin
ETF
Are
“Brighter
Than
Ever”

Crypto
venture
capitalist
(VC)
Andrew
Kang
mentioned
in
an
X
(formerly
Twitter)

post

that
“the
odds
for
a
DOGE
ETF
look
brighter
than
ever,”
with
regulatory
clarity
for
the
crypto
industry
looking
to
be
imminent.
Kang
was
referring
to
the
Financial
Innovation
and
Technology
for
the
21st
Century

 

(FIT21)
bill,
which
aims
to
bestow
crypto
regulation
upon
the

Commodity
Futures
Trading
Commission
(CFTC). 

This
isn’t
the
first
time
Kang
has
discussed
the
possibility
of
a
Dogecoin
ETF
being
approved.
In
March,
the
crypto
expert

mentioned

that
there
was
a
30%
chance
that
an
investment
fund
related
to
the
foremost
meme
coin
would
be
eventually
approved.
He
alluded
to
the
recent
regulatory
developments
as
a
reason
why
he
had
such
hopes. 

Furthermore,
he
highlighted

Donald
Trump

winning
the
presidency
and
Dogecoin
being
the
“most
decentralized”
altcoin
as
factors
that
could
aid
in
approving
a
DOGE
ETF.
Meanwhile,
in
January,
he
mentioned
that
Dogecoin
is
one
of
the
biggest
market
cap
coins
that
has
never
had
a
presale
and
has
never
been

considered
a
security,
which
is
why
it
deserved
its
own
ETF. 

Kang
also
looks
more
confident
about
a
Dogecoin
ETF
being
approved
thanks
to
the

recent
development,
which
shows
that
the
SEC
will
likely
approve
the
Spot
Ethereum
ETFs.
He
mentioned
in
a
recent

X
post

that
“it
is
possible
that
an
ETH
ETF
approval
is
not
just
an
isolated
event”
but
a
first
step
of
a
“complete
U-Turn”
in
the
government’s
anti-crypto
stance. 

 

Crypto
expert
Anthony
Pompliano

also
believes
that
a
Spot
Ethereum
ETF
approval
could
be
the
beginning
of
great
things
for
the
crypto
industry.
He
stated
in
an
X
post
that
“they
are
approving
the
entire
industry”
if
they
approve
the
Ethereum
ETF.
“This
is
the
last
dam
to
be
broken,”
he
claimed. 

This
Positive
Sentiment
Can
Drive
DOGE
To
New
Highs

There
is
no
doubt
that
Dogecoin’s
price
could
rise
to
new
highs
if
the
launch
of
a
Dogecoin
ETF
becomes
feasible.
It
has
become

evident

how
positively
a
crypto’s
price
can
react
just
to
the
hype
around
the
potential
approval
of
an
ETF,
as
seen
with
Bitcoin’s
price
before
when
the

Spot
Bitcoin
ETFs
were
approved. 

More
recently,

Ethereum’s
price
rallied

on
news
that
the
SEC
had
made
a
U-turn
and
was
willing
to
approve
the
Spot
Ethereum
ETFs.
Therefore,

 

DOGE’s
price

can
be
expected
to
experience
a
significant
price
surge
if
an
application
is
made
to
the

SEC

to
launch
a
Dogecoin
ETF. 

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson

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