yerevan (coinchapter.com) – Discussion about a Dogecoin (Doge) ETF It has been strengthened as analysts assessed the likelihood of regulatory approval. Analyst James Safert and Eric Balkunas We evaluated various cryptocurrency ETFs and noted that Doge has a higher likelihood of approval compared to Solana (Sol) and XRP.
They believe that the SEC is likely to classify Dogecoin as a product, and that ETFs will be more likely to be approved. This is a bitcoin fork and it already has regulatory clarity, so it’s similar to how Litecoin (LTC) appears. Although the Litecoin ETF is expected to be the first approved, Doge’s liquidity and market activity will be a strong position in the approval process.
The classification of SEC assets as either securities or goods plays an important role in ETF approval. With former SEC chairman Gary Gensler no longer in office, there is an increase in new ETF applications. Bitwise filing of Dogecoin ETFs has raised institutional interest in Meme Coin.
Hester Peirce’s Crypto Task Force is expected to determine more cryptocurrency status. If Doge is classified as a product, it falls under CFTC jurisdiction and could reduce regulatory barriers. In contrast, Solana faces challenges due to concerns about centralization, but it relates to an ongoing SEC lawsuit over whether XRP qualifies as security.
Institutional interest in Dogecoin ETFs is growing
Grayscale recently launched the Dogecoin Trust, indicating that institutional investors are considering Doge, a structured investment product. This movement is in line with the broader trends in AltCoin ETF applications. Analysts have suggested that Doge’s ETF submission could be approved in the near future, but the SEC has not confirmed this yet.
Doge’s market positions, trading volumes, and product classification possibilities enhance the ETF approval potential.
Doge holding time increases by 302%
Dogecoin (Doge) has experienced a price movement between $0.2540 and $0.2700 over the past 24 hours, according to data from TradingView. The most recent recorded price is $0.25795, indicating volatility within this range.
Meanwhile, IntotheBlock data shows Doge holding times increased by 302% last week. Traders have kept their dogs for longer periods and have reduced the number of coins they travel on the exchange. This suggests a decline in market sales pressure.
Doge market indicators reflect strong purchase profits
Doge’s funding rate is currently at 0.0040%, indicating that more traders are willing to pay to hold their long positions. Funding fees track fees exchanged in perpetual futures contracts among long-term traders and maintain prices to suit the spot market.
The rise in Chaikin Money Flow (CMF) value, now at 0.06, indicates that more capital is flowing into Doge rather than going out. The CMF indicator measures the strength of trading pressure in the market. The positive value suggests that more traders are buying Doge instead of selling, contributing to recent price movements.
