{"id":11619,"date":"2025-05-01T01:07:36","date_gmt":"2025-04-30T23:07:36","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=11619"},"modified":"2025-05-01T01:07:36","modified_gmt":"2025-04-30T23:07:36","slug":"could-dogecoin-soar-to-10-the-potential-impact-of-21shares-etf-application","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/01\/could-dogecoin-soar-to-10-the-potential-impact-of-21shares-etf-application\/","title":{"rendered":"Could Dogecoin Soar to $10? The Potential Impact of 21Shares’ ETF Application"},"content":{"rendered":"

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Trusted Editorial<\/u> material, assessed by prominent industry specialists and experienced editors. Ad Disclosure<\/a><\/div>\n<\/p><\/div>\n

The dialogue regarding Dogecoin may be gradually transforming, and <\/span>recent market trends<\/span><\/a> indicate that the meme coin could be on the verge of attaining new record highs. The latest update entails Nasdaq filing a 19b-4 form with the U.S. Securities and Exchange Commission (SEC), requesting authorization to list and trade shares of the 21Shares Dogecoin ETF. This follows the previous S-1 registration submitted by 21Shares on April 10, which seeks to provide investors regulated entry to DOGE.<\/span><\/p>\n

Dogecoin ETFs May Be Arriving on Wall Street Shortly<\/h2>\n

On Tuesday, Nasdaq <\/span>filed a<\/span><\/a> 19b-4 form with the U.S. Securities and Exchange Commission (SEC), officially seeking permission to list and trade the 21Shares Dogecoin ETF. This application builds on 21Shares\u2019 earlier S-1 registration, which not only outlined the architecture of the proposed ETF but also disclosed an \u201cexclusive\u201d <\/span>affiliation with <\/span><\/a>the House of Doge.<\/span><\/p>\n

While the ETF cannot be initiated without final authorization from the SEC, Nasdaq\u2019s 19b-4 submission constitutes a pivotal milestone in the regulatory journey. It denotes the second and final formal step needed to propose a spot cryptocurrency ETF for evaluation. Once the SEC acknowledges the submission, it will be published in the Federal Register, and the official review process will begin, during which the agency will assess whether to approve, reject, or postpone the decision.<\/span><\/p>\n

\"Dogecoin\"
Source: Nasdaq 19b-4 Form<\/a><\/figcaption><\/figure>\n

This ETF, if approved, would enable institutional investors to gain exposure to DOGE through a regulated financial instrument, thus welcoming large capital inflow into the meme coin.<\/span><\/p>\n

DOGE At $10: This May Not Be So Unimaginable Anymore<\/h2>\n

For Dogecoin to achieve $10, it would necessitate a substantial increase in its market capitalization, a scenario that once appeared entirely unattainable. Dogecoin has been the subject of numerous technical evaluations of price surges, with<\/span> projections even surpassing $10<\/span><\/a>. Currently, a rising momentum surrounding a spot Dogecoin ETF and increasing institutional interest provide significant support. <\/span><\/p>\n

One of the most compelling signs that such a leap is not unfeasible can be found in the <\/span>precedent established by Bitcoin<\/span><\/a>. When the Spot Bitcoin ETFs received approval in early 2024, they initiated a surge of capital inflows from both institutional and retail investors. Dogecoin, renowned as the king of meme coins, is now set to follow a similar path. Although the $10 mark may not materialize immediately, the route to this objective is becoming more apparent with developments like the Nasdaq ETF application. <\/span><\/p>\n

The SEC is presently reviewing multiple applications <\/span>related to the listing<\/span><\/a> of Spot Dogecoin ETFs, with entities such as <\/span>Bitwise also awaiting sanction<\/span><\/a>. Altogether, there are approximately 70 requests for crypto ETFs currently under review by the SEC. According to analysts at Bloomberg, there exists a 75% <\/span>likelihood of approval<\/span><\/a> for a DOGE ETF in 2025. <\/span><\/p>\n

At the time of writing, Dogecoin is trading at $0.174.<\/span><\/p>\n

\"Dogecoin\"
DOGE trading at $0.174 on the 1D chart | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image from Getty Images, chart from Tradingview.com<\/p>\n

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Editorial Process<\/strong> for bitcoinist focuses on providing thoroughly investigated, precise, and impartial content. We maintain strict sourcing standards, and each page undergoes careful review by our team of leading technology specialists and experienced editors. This procedure ensures the integrity, pertinence, and value of our material for our audience.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n


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“`html Trusted Editorial material, assessed by prominent industry specialists and experienced editors. Ad Disclosure The dialogue regarding Dogecoin may be gradually transforming, and recent market trends indicate that the meme coin could be on the verge of attaining new record highs. The latest update entails Nasdaq filing a 19b-4 form with the U.S. Securities and<\/p>\n","protected":false},"author":3,"featured_media":11620,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[2290],"class_list":["post-11619","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-dogecoin-price-to-10-why-the-21shares-etf-filing-could-signal-good-things-to-come-gpt"],"yoast_head":"\nCould Dogecoin Soar to $10? 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