Bitwise Asset Management has registered the BITWISE DOGECOIN ETF in Delaware, prompting speculation about a potential SEC filing. While this is not yet an official ETF application, it signals the possibility of Dogecoin (DOGE) joining Bitcoin (BTC) and Ethereum (ETH) in the ETF market. Sooner Than Later The Dogecoin logo recently appeared on the U.S. Department of Government Efficiency (D.O.G.E.) website, established by executive order on January 20th, 2025, further fueling investor interest in the meme cryptocurrency. Furthermore, the registration by Bitwise can be seen as a big step toward filing a Form S-1 with the SEC, with Bloomberg ETF analyst Eric Balchunas estimating that a Dogecoin ETF could launch as soon as April 2025, assuming approval. DOGE Reacts Following the announcement, DOGE surged by 4%, reaching $0.373 before stabilizing around $0.36. Whale activity has also intensified, with large holders acquiring 590 million DOGE tokens in a single day, now holding about 30% of the total supply. While this indicates bullish sentiment, it raises concerns about potential volatility if whales decide to sell. Still, analysts are predicting strong price movements, with some forecasting that Dogecoin could reach $2 or even $15 if the ETF is approved. Once again however, most of this is pure speculation and is heavily contingent on SEC approval.
