Will Dogecoin Price Hit $20 If DOGE ETF Gets Approved In 2025?

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Will Dogecoin Price Hit $20 If DOGE ETF Gets Approved In 2025？

Investors are keeping close track of the Dogecoin price, as the meme coin has recorded a surge of nearly 5% today, after a volatile trading recently. Besides, several market experts have recently sparked speculations with their comments on DOGE ETF, with many anticipating a potential launch in 2025. Notably, Donald Trumps election win this year has bolstered market sentiment, with many expecting pro-crypto developments under the Republican administration.

Will Dogecoin Price Rally If DOGE ETF Gets Approved？

Dogecoin price has recorded massive gains since Donald Trumps election win in November amid a crypto market rally. However, the broader financial market, let alone the crypto space, has gone through a highly volatile phase after the latest US FOMC, with the central bank hinting at a hawkish move ahead.

Despite that, the recent performance of the meme coin indicates that investors are regaining confidence in the segment. Notably, most of the top meme coins like SHIB, PEPE, BONK, and others, have also rallied alongside DOGE today.

Meanwhile, a potential ETF launch. For context, several top players have filed for ETF launch of the top altcoins like XRP, SOL, and others, recently. This reflects the growing confidence of institutions in the crypto sector under Trumps presidency.

Is Dogecoin ETF Launch Imminent In 2025？

Speculation is mounting over a potential Dogecoin price rally ahead after the potential launch of a Dogecoin ETF in 2025. For context, ETF Store president Nate Geraci recently expressed surprise that no ETF issuer has filed for a Dogecoin ETF, citing minimal downside risk. Bloomberg ETF analyst Eric Balchunas agrees with the statement, predicting that a filing would have occurred by Christmas.

However, he suggests that issuers may be waiting for regulatory clarity under the incoming administration. He said that the filing would also come after Trumps inauguration on January 20 and when the new US SEC Chair replaces Gary Gensler. Notably, Balchunas favors Venuto to reserve the “DOGE” ticker but believes Tuttle is the most likely to file for the ETF.

Will The Meme Coin Hit $20？

DOGE price today was up nearly 5% and exchanged hands at $0.3363, while its trading volume fell 3% to $3.31 billion. The crypto had touched a 24-hour high of $0.3394 while noting a surge of over 125% since the November start when it traded at $0.15. Furthermore, CoinGlass data showed that DOGE Futures Open Interest rose about 6% to $2.16 billion, indicating a bullish market sentiment.

In addition, whale activity has soared significantly amid the recent dip in Dogecoin price. In a recent X post, popular market expert Ali Martinez said that DOGE whales have accumulated around 270 million coins over the last few days, sparking market optimism.

Source: Ali Martinez, X

Meanwhile, Martinez previously shared a bullish forecast for Dogecoin in a separate post. He has cited the historical trends of the meme coin and said that the crypto could rally to $20 if history repeats. Considering all these aspects, it appears that DOGE price is likely to witness a robust rally with the ETF launch ahead.