The year 2024 marked the launch of Bitcoin-based ETFs, with experts now anticipating the introduction of other crypto products like a Dogecoin ETF.
Absence of DOGE ETF Filings
Despite the crypto market's growth and the popularity of meme coins like Dogecoin, no applications for a Dogecoin ETF have been filed yet. It is expected that future altcoin-linked products will help the crypto market cap exceed $4 trillion.
Experts' Views on DOGE ETF
Nate Geraci, president of the ETF Store, expressed surprise at the absence of Dogecoin ETF filings, believing that the main risk for issuers is the marketing expense. Analyst Eric Balchunas expects applications to appear after Paul Atkins becomes SEC chair in the new administration.
Elon Musk's Reforms and Their Impact on DOGE
Elon Musk, a supporter of Dogecoin, is leading government reforms aimed at a $2 trillion budget cut. His actions have already impacted DOGE's price, despite the recent downturn in cryptocurrency value.
With the emergence of new crypto products and the support of government reforms, there is hope for market growth and development of crypto investments.
