Dogecoin ETF Gets SEC Attention — Will the Price Skyrocket?

Updated

May 15, 2025

Gambar Dogecoin ETF Gets SEC Attention — Will the Price Skyrocket?

Jakarta, Pintu News – The recent announcement from the United States Securities and Exchange Commission (SEC) recognizing the filing of a Dogecoin ETF by 21Shares has received rave reviews from the Dogecoin community.

This news not only increased optimism among investors but also pushed up the price of Dogecoin by more than 6%.

Check out the full analysis here!

Dogecoin ETF Filing Process by 21Shares

21Shares’ Dogecoin ETF filing has been officially accepted by the SEC, kicking off a review phase that may last up to 240 days. While a final decision is still a long way off, this move signals the start of a serious evaluation process by regulators.

With the new leadership under a pro-crypto administration, many are hopeful that this process may go faster than expected. The filing was made on April 9, with hopes of launching a product that would provide exposure to the Dogecoin (DOGE) price primarily to institutional investors.

Similar products for Bitcoin and Ethereum have attracted huge institutional interest, driving their prices to recent records.

Also read: Bitcoin (BTC) heading towards $110,000? Here’s the latest analysis after US inflation data!

Market Reaction to SEC Announcements

Following the SEC announcement, the price of Dogecoin (DOGE) surged 6.29% in the last 24 hours to $0.2404. This increase occurred despite the volatility recorded earlier in the trading hours. Dogecoin (DOGE) has now erased its short- and long-term losses, with 7-day price growth reaching 42.19%.

Price analysis by Rekt Capital has previously shown that Dogecoin (DOGE) has the potential to rise to $0.27 if it can maintain support at the $0.22 price level. This suggests an ongoing bullish shift in the market, which is further reinforced by the latest news from the SEC.

Also read: Ripple (XRP) Potentially Reaches $3, Overtakes USDT as Third Largest Crypto Token!

Competition and Expectations in the ETF Market

In addition to Dogecoin (DOGE), there are several other ETF filings awaiting regulatory recognition, including Bitwise’s NEAR ETF filing. This trend shows that there is growing interest for ETF products based on altcoins such as Binance Coin , Ripple (XRP), and Cardano .

The crypto market currently sees a huge opportunity in the listing of these ETFs, which will not only increase liquidity but also provide wider access to institutional investors. This is expected to bring more stability and growth into the overall crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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