Could there be a Dogecoin ETF in 2025? ‘Today’s satire is tomorrow’s ETF’ says expert
2024-11-29

The historic success of Bitcoin and Ethereum ETFs in 2024 has been arguably the biggest story in crypto and traditional financial markets this year. With a crypto-friendly White House, could this year's success lead to a Dogecoin exchange-traded fund in 2025?
"I think everything is on the table moving forward under the new administration," ETF Store President Nate Geraci told The Block.
President-elect Donald Trump has championed himself as a pro-crypto leader, hoping to make America the "bitcoin capital of the world." He even created the meme-friendly Department of Government Efficiency, or "DOGE," that will be led by noted Dogecoin fan Elon Musk.
"The hope is that the new administration moves quickly to designate which crypto assets are securities and which aren’t," Geraci said. "Once that framework is in place, the approval path for additional spot crypto ETFs should become much clearer.”
Fund managers are working fast to bring new ETFs to market. Equity exchange Cboe BZX filed four applications last week for spot Solana funds, and some experts believe a Solana ETF will hit the market by the end of 2025.
“I'm quite confident we'll see a Solana ETF trading in the first half of 2025," said Louis Sykes, a crypto analyst with All-Star Charts. "DOGE [is] far less likely... let's just say Wall Street prefers assets that weren't born as a meme."
While DOGE may have started as a joke, it has grown to become the sixth-largest cryptocurrency. At the time of writing, dogecoin trades at around $0.40 with a $59 billion market cap, according to The Block's DOGE data.
"Today's satire is tomorrow's ETF," Bloomberg's senior ETF analyst Eric Balchunas told The Block. "You could ask yourself, 'is DOGE a bridge too far?' and I would say we'll see. I think someone's gonna try it because why not?"
Two Prime Digital Assets CEO Alexander Blume told The Block that DOGE ETF filings will "definitely" occur.
"With the outstanding success of the BTC ETFs, entrepreneurial financial firms will seek to create whatever products might be a success," Two Prime Digital Assets CEO Alexander Blume told The Block. "Now, will they be approved is a different matter."
Dogecoin may struggle to prove it's a fair market, as its holdings are highly concentrated, Blume said: "I do think the incoming SEC will be more permissive in general, though, and so they may be approved sooner than we expect."
U.S. Securities and Exchange Commission Chair Gary Gensler, a thorn to most in the crypto industry, plans to leave his post on Jan. 20, 2025. Meanwhile, former Commodity Futures Trading Commission Chair Chris Giancarlo is a genuine contender to become the U.S.'s first-ever "Crypto Czar," a new position President-elect Trump is considering.
“Gensler's unwillingness to engage with crypto has actually kept it at a less mature phase of its development,” Giancarlo told The Block earlier this week. “Ending the suppression is going to bring it to a more mature and more useful period of development.”
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