The price of the Dogecoin could appreciate more than ten times If the same part attracts only 10% of Bitcoin ETF entries after obtaining ETF products.
In particular, following success Bitcoin and Ethereum Exchanges funds (ETF), the main asset managers now explore ETF packaging for other cryptographic assets. Currently, Dogecoin is one of the best candidates for this movement, attracting considerable attention.
Asset managers deposit FNB Dogecoin
Earlier, Wintermute planned That an active tops management company would deposit an ETF of Dogecoin this year. Recently, asset manager Recorded in the Bit direction A statutory trust for an ETF of Dogecoin with the division of companies of the State Department of Delaware.
In addition, the Rex advisers and the bentry funds jointly wanted The approval of the Securities and Exchange Commission (SEC) of the United States to launch an ETF encompassing various coins, including Dogecoin.
For the context, their deposit offers seven new cryptocurrency ETFs, reflecting a broader trend from the industry to diversified investment products in cryptography. Interestingly, analysts argued that the substantial market capitalization of Dogecoin makes it a viable candidate for ETF offers.
The sharp increase in depots in ETF influenced the prediction markets. On the polymarket, the probability of a Dogecoin ETF receiving approval in 2025 increased from 27% earlier in the year to 53% after these developments, before stabilizing at 50% at the time of the press.
If such approval occurs, some analysts expect Dogecoin to benefit from similar success Bitcoin And Ethereum, but that remains to be seen. Be that as it may, a substantial quantity of capital entries on the Dogecoin market through these ETFs could have positive implications for prices.
This phenomenon occurred with Bitcoin. In particular, the token has reached a new summit of all time due to substantial entrances and finally exceeded the $ 100,000 mark. For the context, the Bitcoin ETF have capture About 39.94 billion dollars in cumulative admissions since the launch in January 2024.
Dogecoin price if it captures 10% of Bitcoin ETF entries
If Dogecoin testifies only 10% of this success, the impact on its market capitalization could be remarkable. In particular, 10% of the cumulative Bitcoin Etf Entraves amounts at $ 3.9 billion. The application of the Bank of America BTC plot multiplier to 118x would result in additional market capitalization of $ 460.2 billion in these entries.
Currently, Dogecoin has a market capitalization of $ 48.9 billion, making it the eighth largest cryptographic asset worldwide. Additional $ 460.2 billion In The assessment leads to total market capitalization of $ 509.1 billion. In the meantime, considering Dogine circulating offer of 147.8 billion tokens translated into a price of $ 3.44 per DOGE, an increase of 9.4x compared to the current price of $ 0.331.
However, this evaluation approach takes into account several variables which may not be implemented. Consequently, it is important to note that the approval of the Dogecoin ETF may not influence similar price dynamics.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.