Dogecoin worth may respect by over ten-fold if the meme coin attracts solely 10% of Bitcoin ETF inflows after securing ETF merchandise.
Notably, within the wake of successes of Bitcoin and Ethereum exchange-traded funds (ETFs), main asset managers at the moment are exploring ETF wrappers for different crypto property. At present, Dogecoin is one of the highest candidates for this motion, attracting appreciable consideration.
Asset Managers File for Dogecoin ETFs
Earlier, Wintermute predicted {that a} prime property administration agency would file for a Dogecoin ETF this 12 months. Not too long ago, asset supervisor Bitwise registered a statutory belief for a Dogecoin ETF with Delaware’s Division of State’s Division of Firms.
As well as, REX Advisers and Osprey Funds have jointly sought approval from the U.S. Securities and Change Fee (SEC) to launch an ETF encompassing numerous meme cash, together with Dogecoin.
For context, their submitting proposes seven new cryptocurrency ETFs, reflecting a broader business pattern towards diversified crypto funding merchandise. Apparently, analysts have argued that Dogecoin’s substantial market capitalization makes it a viable candidate for ETF choices.
The surge in ETF filings has influenced prediction markets. On Polymarket, the chance of a Dogecoin ETF receiving approval in 2025 rose from 27% earlier within the 12 months to 53% following these developments, earlier than stabilizing at 50% at press time.
Ought to such an approval happen, some analysts anticipate Dogecoin to take pleasure in related successes as Bitcoin and Ethereum, however this stays to be seen. Regardless, a considerable quantity of capital inflows into the Dogecoin market by way of these ETFs may have optimistic implications for costs.
This phenomenon occurred with Bitcoin. Notably, the token hit a brand new all-time excessive resulting from substantial inflows and ultimately surpassed the $100,000 mark. For context, Bitcoin ETFs have captured about $39.94 billion in cumulative inflows since launch in January 2024.
Dogecoin Price if It Captures 10% of Bitcoin ETF Inflows
If Dogecoin solely witnesses 10% of this success, the impression on its market capitalization may very well be outstanding. Notably, 10% of the cumulative Bitcoin ETF inflows quantities to $3.9 billion. Making use of the Financial institution of America BTC inflow-to-valuation multiplier of 118x would translate to an extra market cap of $460.2 billion from these inflows.
At present, Dogecoin boasts a market cap of $48.9 billion, making it the eighth-largest crypto asset globally. A further $460.2 billion in valuation results in a complete market cap of $509.1 billion. In the meantime, contemplating Dogecoin’s circulating provide of 147.8 billion tokens interprets to a worth of $3.44 per DOGE, a 9.4x enhance from the present worth of $0.331.
Nevertheless, this valuation strategy takes a number of variables under consideration which may not fall into place. Because of this, you will need to be aware that the approval of Dogecoin ETFs won’t affect related worth dynamics.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article might embrace the creator’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental isn’t answerable for any monetary losses.
