Is Dogecoin About to Rocket? What Happens if DOGE Gets a Slice of Bitcoin’s ETF Cake?

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Ah, Dogecoin. The cheeky, meme-powered cryptocurrency that refuses to be ignored, even by the serious, money-slinging financiers. It soared a glorious 2.3% in the last 24 hours, finally breaking that pesky $0.17 resistance. What’s fueling this? You guessed it: renewed optimism, and of course, Bitcoin ETF’s ever-bulging pockets. 🙄

Speaking of Bitcoin ETFs, they’ve hauled in over $40 billion since they were given the nod of approval. Now, imagine if Dogecoin could catch even a 30% to 50% whiff of that hefty sum. Dreams of DOGE rolling in the cash are very much alive. Time to pop the popcorn and see what happens next. 🍿

Dogecoin (DOGE) Strikes Back: A $0.17 Rebound That Might Just Be the Beginning

Hold onto your hats, folks! In the past 24 hours, Dogecoin (DOGE) made an impressive 2.3% leap to $0.173, pushing past the much-feared $0.17 barrier. But wait, there’s more: with Nasdaq officially filing to list the 21Shares Dogecoin ETF, the buzz around DOGE’s potential future skyrockets. Who’s feeling lucky? 🤑

According to CoinGecko, DOGE’s 5.0% climb this week is nothing short of spectacular when you compare it to Bitcoin’s humble 1.1% and Ethereum’s 2.1%. Oh, and let’s not forget the 11.9% jump over the last 14 days—Dogecoin’s making waves and leaving Bitcoin in the dust. 🏄‍♂️

And that’s not all—trading volume’s spiking. Traders are on the edge of their seats, eagerly waiting for DOGE to smash through the next major resistance level at $0.18. Could a bullish breakout be just around the corner? Stay tuned…

21Shares DOGE ETF Filing: The Beginning of Dogecoin’s Meteoric Rise?

On April 30, Nasdaq decided it was time to get serious and filed a 19b-4 request with the SEC to list shares of the 21Shares Dogecoin ETF. Oh yes, they’re not playing around anymore. With asset manager 21Shares and House of Doge (yes, that’s a thing) working together, it looks like DOGE might finally make its mark in the world of institutional investors.

The ETF will track the CF DOGE-Dollar US Settlement Price Index (fancy, right?) and hold DOGE directly—no leverage or synthetic wizardry here. Coinbase Custody Trust, bless its heart, will be the official custodian, ensuring all goes smoothly. 🧙‍♂️

All of this comes on the heels of the SEC’s decision to delay its judgment on altcoin ETFs until June 15. But are we waiting with bated breath? Absolutely. Time to open the dog-themed champagne bottles (or whatever your poison is) and wait for the next update.

What Happens to Dogecoin if It Gets 30% to 50% of Bitcoin ETF Inflows?

Now, let’s dive into some juicy numbers. Since launching in January, Bitcoin ETFs have lured in over $40 billion in net inflows. If Dogecoin’s ETF captures even a modest 30% to 50% of that, we’re talking anywhere between $12 billion and $20 billion in fresh capital. 💰

At the moment, Dogecoin’s market cap is sitting pretty at $24 billion. So, if $12 billion to $20 billion were to flow in, we’re looking at a doubling (yes, you read that right) of DOGE’s market cap. A potential DOGE price of:

  • $0.34 with $12 billion in inflows

  • $0.50 with $20 billion in inflows

That’s a potential upside of 95% to 190%. Dreaming big yet? 😏

The Waiting Game: SEC Decision and What’s Next for Dogecoin

Alright, so the SEC’s decision deadline is looming, June 15 to be exact. All eyes are on Bitwise’s DOGE ETF and Nasdaq’s 21Shares DOGE ETF filing. Could one of these actually get the green light? If so, Dogecoin could go from meme status to a serious financial player. Yes, we’re talking about retirement funds and institutional capital getting in on the action. 💼

In April, Bitcoin ETFs set new records, with a whopping $936.5 million in a single-day inflow. So, don’t be surprised if DOGE’s ETF inflows follow suit and go even higher, thanks to Dogecoin’s cult status and huge retail following.

Should Dogecoin ETF inflows reach even a fraction of Bitcoin’s, DOGE could quickly find itself trading between $0.34 and $0.50. A SEC approval would not just be a short-term catalyst, but could very well cement Dogecoin’s place in traditional finance forever. Get ready for liftoff. 🚀

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2025-05-05 00:57