Is Dogecoin ETF On the Way? Here’s Everything You Need to Know

Ever since its launch, Dogecoin has been grabbing investors’ attention. A big reason behind that is its impressive performance on multiple occasions. Just today, the Dogecoin price surged 11% and is on a massive recovery trail, achieving a month-high target. Although this happened during the broader market recovery, the Dogecoin ETF hype has played a bigger role in that, especially as Trump’s inauguration is just days away.

Is Dogecoin ETF Getting Launched In 2025?

Spot Bitcoin ETF launch in early 2024 opened the opportunity for other popular cryptos exchange-traded funds. The BTC ETF’s popularity and high inflows resulted in Bitcoin price achievement. This performance built the demand for the Dogecoin ETF’s launch. Analysts believe launching an ETF for this dog-themed meme coin makes sense, considering its high demand, adoption, and impact on the tokens’ price. However, the polymarket odds show low investor confidence in this happening. As per the Polymarket data, the Dogecoin ETF approval odds in 2025 sit only at 36%, whereas others, like XRP ETF approval odds say 70%.

With much better ETFs in line, especially for utility-based assets, the probability of their approval is high. The Polymarket odds before July are even lower, at 27%, despite a 6% surge. Although the odds do not favor the launch, many firms have applied for the ETF.

This comes from a different perspective on Dogecoin and its price performance. Despite its popularity, DOGE has many shortcomings, such as a lack of inherent utility and high volatility. A few analysts claim that an ETF launch is risky. Regardless, rather than investors’ take on the meme coin, the SEC’s take matters, which has not commented on the situation yet.

Why DOGE ETF Matters?

Similar to the impact of the Bitcoin ETF on Bitcoin price rally to ATH, investors anticipate a similar effect. Experts believe that a DOGE ETF launch could result in Dogecoin finally breaking the $1 price barrier and achieving higher and higher peaks. Also, it will be a far more stable option for investors who wish not to tackle meme coins’ high volatility. Interestingly, this will also reduce the volatility of the meme coin, Dogecoin, in this case.

Meme coins have been the most successful digital asset category in 2024, where hundreds or even thousands of investors bagged heavy returns with them. An ETF launch could further influence the image of such meme-themed cryptocurrencies and their prices.

Can Dogecoin Price Hit $20 With ETF Approval?

Dogecoin currently trades at $0.4162 and requires nearly a 50x rally to achieve the $20 mark. Considering the meme coins’ performance to this day, the target seems less likely to happen anytime soon, but considering the ETF approval, the DOGE price may end up somewhere near that. Experts’ conclusions hint at the same, especially considering Bitcoin’s performance after Bitcoin ETF approval. If things went with that criteria, the most bullish outlook may push the DOGE price to $20. However, failures such as the failure of Ethereum ETF to pump the ETH price should also be considered.

At present, Dogecoin is on a bullish trajectory, gaining 11% in the last 24 hours and  173% since Trump’s win in the US elections in November 2024. Another similar rally can push the price past the $1 mark.  Interestingly, popular crypto analyst Ali Martinez believes continuing this trend could result in Dogecoin’s price hitting $20 in the coming years.

In the short term, a flip from the 50% Fibonacci level would lead to the price hitting $0.480. Another success on the $0.480 level (100% Fibonacci level) will result in a rally above $0.566 under the influence of RSI, showing bullish momentum.

Bottom Line

2024 has been quite favorable for the crypto market, including ETFs launch, Bitcoin price rally, Trump’s pro-crypto stance, and much more. Experts anticipate the continuity of this trend in 2025 but with a more positive impact. With Trump’s presidency, meme coin lovers wish to see a Dogecoin ETF launch this year, but the polymarket data shows low odds, indicating investors’ low confidence in its approval. If approved, the Dogecoin price can hit $20 per analyst. However, things could vary depending on its acceptance and demand in the market.