Dogecoin ETF coming in 2025? ‘I think someone will try,’ says ETF analyst

With the presumably crypto-friendly Trump administration taking office in January 2025, speculation has begun about whether Dogecoin DOGE/USD exchange-traded funds (ETFs) could become a reality next year.

What happened: “I think everything is on the table to move forward under the new administration,” said Nate Geracipresident of the ETF Shopin a interview with The block.

President-elect Donald Trumpwho has positioned himself as a pro-crypto leader, has promised to make the United States the “bitcoin capital of the world.”

In a move reflecting his approach, Trump created the Ministry of Government Effectiveness (DOGE), which will be led by Tesla And EspaceX CEO Elon Muska voice Supporter of Dogecoin.

The approval process for new crypto ETFs could become more streamlined under the new administration, particularly as regulatory clarity improves.

“We hope the new administration will move quickly to designate which crypto assets are securities and which are not,” Geraci added. “With this framework in place, the approval path for additional spot crypto ETFs should become much clearer.”

Efforts to expand crypto ETFs are already underway, with Cboe BZX filing applications for four spots Solana SOL/USD ETF last week. Experts predict that a Solana ETF could reach the market by mid-2025.

However, Wall Street seems more skeptical about Dogecoin’s chances.

“I am confident we will see a Solana ETF trading in the first half of 2025,” said Louis Sykescrypto analyst at All-Star Graphics. “DOGE (is) much less likely…let’s just say Wall Street prefers assets that weren’t born as a meme.”

Read also: This ‘killer app’ of crypto could grow 1,000% under a Trump administration: report

Why it’s important: Despite its joke origins, Dogecoin has become the sixth largest cryptocurrency, trading at around $0.40 and boasting a market capitalization of $59 billion.

Bloombergsenior ETF analyst Eric Balchunas sees the possibility of a DOGE ETF filing, but with skepticism. “Today’s satire is tomorrow’s ETF,” Balchunas told The Block.

“You might ask, ‘Is DOGE a bridge too far?’ and I would say we’ll see I think someone will try because why not?

Entrepreneurial financial firms appear keen to capitalize on the momentum created by Bitcoin ETF.

“With the exceptional success of BTC ETFs, entrepreneurial financial firms will look to create any products that can succeed,” said Two premier digital assets CEO Alexander Blume. “Now whether they will be approved is another matter.”

Blume highlighted a significant obstacle for Dogecoin: its highly concentrated holdings.

“Dogecoin may have difficulty proving that it is a fair market,” he noted, while expressing optimism that the new SEC leadership could take a more permissive stance.

The crypto landscape could see a change with the chairman of the United States Securities and Exchange Commission (SEC). Gary Gensler resignation in January 2025.

Known for his strict stance on crypto, Gensler’s departure could open the door to more industry-friendly regulations.

Chris Giancarloformer chairman of the Commodity Futures Trading Commission, is reportedly a candidate for the newly proposed position of “Crypto Tsar” under President-elect Trump.

“Gensler’s reluctance to engage in crypto has actually kept him at a less mature phase in his development,” Giancarlo told The Block. “Ending the repression will bring it to a more mature and useful period of development.”

Another contender, currently favorite in the Kalshi prediction market, is the former SEC Commissioner Paul Atkins.

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