SEC Approves BTC & ETH ETFs—Is DOGE Heading to $2.60 Next?

SEC Approves BTC & ETH ETFs—Is DOGE Heading to $2.60 Next?

The SEC just gave the green light to Bitwise’s spot Bitcoin and Ethereum ETFs, marking a huge win for crypto investors and mainstream adoption. This approval marks a major milestone in the institutional acceptance of cryptocurrencies, making it easier for traditional investors to gain exposure to BTC and ETH via regulated financial products.

This move is expected to increase institutional demand for both Bitcoin and Ethereum, reducing supply in circulation and potentially driving prices higher. Following the success of these approvals, Bitwise is now pushing for another groundbreaking ETF—Dogecoin.

Bitwise Files for the First Spot Dogecoin ETF

After securing approvals for Bitcoin and Ethereum ETFs, Bitwise has officially filed for a spot Dogecoin ETF. If approved, this would be the first ETF to offer direct exposure to DOGE, bringing the meme-based cryptocurrency into the institutional investment arena.

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Why Is This Important?

  • A Dogecoin ETF would make it easier for hedge funds, pension funds, and other institutional investors to gain exposure to DOGE without the need to buy and store it themselves.
  • Increased institutional adoption could drive up demand, reducing volatility and potentially boosting Dogecoin’s market price.
  • Approval would legitimize Dogecoin as a financial asset, moving it beyond its meme coin status.

Currently, DOGE is one of the most recognized cryptocurrencies, with strong community support and growing utility in payments and tipping. If the ETF gets the green light, it could be a major catalyst for Dogecoin’s next bull run.

Dogecoin Price Predictions: Could DOGE Hit $2.60?

With speculation around a spot DOGE ETF, analysts are already forecasting major price movements. Here’s what two key sources predict:

1. Analyst Prediction: DOGE to $2.35 – $2.60

According to ChandlerCharts on X (formerly Twitter), if the Dogecoin ETF gets approved, we could see DOGE surge to a price range between $2.35 and $2.60. This would mark an explosive breakout beyond Dogecoin’s previous all-time high of $0.73 reached in 2021.

2. CoinCodex Prediction: More Conservative at $1.38

While some analysts are highly bullish, CoinCodex’s price model takes a more measured approach, predicting a bull run above $1, peaking at $1.38. This still represents a significant gain from current levels but is more conservative compared to the $2+ targets.

Regardless of which prediction plays out, both predictions anticipate Dogecoin surpassing $1, which would be a major psychological milestone for the cryptocurrency.

Conclusion: A New Chapter for Crypto ETFs?

  • The SEC has approved Bitwise’s spot Bitcoin and Ethereum ETFs, bringing institutional money into crypto.
  • Bitwise is now pushing for a Dogecoin ETF, which could fuel massive DOGE adoption.
  • Analysts predict DOGE could surge to $1.38 – $2.60 if the ETF is approved.

With crypto ETFs becoming a reality, the market is shifting toward greater legitimacy and mainstream adoption. If the Dogecoin ETF gets approved, it could be the next big catalyst that finally sends DOGE above $1 and beyond.

Looking ahead, our algorithmic prediction forecasts Dogecoin reaching $5.13 by 2050, reflecting its long-term growth potential.

Will Dogecoin finally shed its meme status and enter the institutional investment world? Time will tell, but the signs are bullish.

Source: https://coincodex.com/article/62007/sec-approves-btc-eth-etfsis-doge-heading-to-260-next/