{"id":620641,"date":"2025-01-23T09:20:58","date_gmt":"2025-01-23T09:20:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=620641"},"modified":"2025-01-23T09:20:58","modified_gmt":"2025-01-23T09:20:58","slug":"dogecoin-could-skyrocket-4166-to-15-if-bitwise-dogecoin-etf-is-approved-top-analyst-says","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-could-skyrocket-4166-to-15-if-bitwise-dogecoin-etf-is-approved-top-analyst-says","title":{"rendered":"Dogecoin Could Skyrocket 4,166% To $15 If Bitwise Dogecoin ETF Is Approved, Top Analyst Says"},"content":{"rendered":"<p>Dogecoin could skyrocket 4,166% to $15 if a proposal to launch a Dogecoin ETF (exchange-traded fund) by crypto index fund manager Bitwise is approved, according to analyst Ali Martinez.<\/p>\n<p><span style=\"font-weight: 400;\">Bitwise submitted a filing to launch a Dogecoin ETF to the Delaware&rsquo;s Department of State&rsquo;s Division of Corporations on Wednesday.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/assets.coingecko.com\/articles\/images\/2343446\/large\/kabosu-doge-800x447.png?1737591730\" alt=\"Dogecoin \" width=\"650\" height=\"363\"><\/p>\n<h2><span style=\"font-weight: 400;\">Dogecoin Could Gain Institutional Validation<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bitwise&rsquo;s filing for an ETF linked to the meme coin comes after a wave of ETF <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-etf-filings-boom-with-dogecoin-bonk-and-trump-etf-products-added-after-gary-gensler-stepped-down\"><span style=\"font-weight: 400;\">applications<\/span><\/a><span style=\"font-weight: 400;\"> were submitted by Rex Shares and Osprey, including one for a DOGE investment product. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The potential approval of a Dogecoin ETF could give the largest meme coin by market cap, which was initially created as a joke in 2013, exposure to a pool of institutional investors.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitwise Doge ETF likely coming soon.. and yes I checked and this is def legit (vs some whack job committing forgery for a quick pump a la BlackRock XRP that one time). <a href=\"https:\/\/t.co\/MxoswD0IFy\">pic.twitter.com\/MxoswD0IFy<\/a><\/p>\n<p>&mdash; Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1882202309293433217?ref_src=twsrc%5Etfw\">January 22, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-surges-7-as-this-55-million-pepe-derivative-offers-a-last-chance-to-buy\"><span style=\"font-weight: 400;\">Dogecoin<\/span><\/a><span style=\"font-weight: 400;\"> ETFs just capturing a fraction of the over $50 billion inflows seen with Bitcoin ETFs in the last 12 months could cause the meme coin&rsquo;s price to surge.<\/span><\/p>\n<p>Analysts Ali Martinez told his 118.1k followers on X that a Dogecoin ETF would send the price of the largest meme coin by market capitalization soaring to $15.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a> ETF will send it to $15! <a href=\"https:\/\/t.co\/4peKi93NZX\">https:\/\/t.co\/4peKi93NZX<\/a> <a href=\"https:\/\/t.co\/gRqDdoXhob\">pic.twitter.com\/gRqDdoXhob<\/a><\/p>\n<p>&mdash; Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1882196406800445537?ref_src=twsrc%5Etfw\">January 22, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">But following the Bitwise ETF filing, DOGE saw its price <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\"><span style=\"font-weight: 400;\">drop<\/span><\/a><span style=\"font-weight: 400;\"> more than 4% in the last 24 hours to trade at $0.3521 as of 2:12 a.m. EST. This is a continuation of the negative trend the crypto has been in over the last week.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Elon Musk&rsquo;s DOGE Gains Traction<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Dogecoin&rsquo;s market capitalization has more than tripled in the last year, with the token becoming a popular speculative trade. Much of the gains followed Bitcoin&rsquo;s lead, with the crypto king breaking the $100K mark for the first time ever in December last year.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another development that has contributed to DOGE&rsquo;s strong performance is the launch of Dogecoin fan Elon Musk&rsquo;s Department of Government Efficiency (DOGE), the acronym of which is the same as the meme coin&rsquo;s ticker symbol. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The department&rsquo;s official website briefly displayed the meme coin&rsquo;s logo, causing the meme coin&rsquo;s price to surge. It has since been updated to exclude DOGE&rsquo;s logo.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Progress <a href=\"https:\/\/t.co\/iNAgAtPPCV\">pic.twitter.com\/iNAgAtPPCV<\/a><\/p>\n<p>&mdash; Department of Government Efficiency (@DOGE) <a href=\"https:\/\/twitter.com\/DOGE\/status\/1881498466897272915?ref_src=twsrc%5Etfw\">January 21, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">DOGE has already embarked on its mission to reduce US government spending. It aims to close down some government departments while also cutting down the number of government employees.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/donald-trump-unveils-500-billion-stargate-project-for-ai-infrastructure-boosting-ai-cryptos\"><span style=\"font-weight: 400;\">Donald Trump Unveils $500B Stargate Project For AI Infrastructure<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/murads-meme-coin-picks-boost-interest-in-indexes-as-meme-index-ico-surges-past-2-7-million\"><span style=\"font-weight: 400;\">Murad&rsquo;s Meme Coin Picks Boost Interest In Indexes<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/meme-index-ico-approaches-3m-fueled-by-meme-coin-trading-hype\"><span style=\"font-weight: 400;\">Meme Index ICO Approaches 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