The Dogecoin ETF proposal by 21Shares and House of Doge could dramatically change the cryptocurrency market if approved by the SEC.
What is a Dogecoin ETF?
21Shares and House of Doge filed a proposal for a Dogecoin ETF with the SEC in April 2025. The ETF will be managed by Coinbase Custody, and the listing is planned on Nasdaq.
Potential Effects of ETF Approval
If the ETF is approved, projected inflows could range from $12 billion to $20 billion, leading to significant market changes. Analysts suggest this could increase the market capitalization and price of Dogecoin by up to 190%.
Regulatory and Market Expectations
Regulatory processes suggest a SEC decision by mid-2025. The delay in decision-making will allow for thorough evaluation of the ETF's impact on market stability. Possible concerns regarding manipulation and liquidity may also influence the SEC's decision.
The approval of a Dogecoin ETF could have serious implications for the cryptocurrency market, echoing previous trends seen with Bitcoin and opening new investment opportunities.
