Dogecoin price is $10? Why 21shares ETF application can indicate the coming good things
The dialogue around Dogecoin may be changing gradually, and Recent market developments Implication Meme coins can be expected to reach new all-time highs. The latest development involves Nasdaq filing Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), seeking approval to list 21shares Dogecoin etf shares and trading shares. This is after the previous S-1 registration of 21shares filed on April 10, which is intended to provide investors with access to regulated Doge.
Dogecoin ETFs may soon be coming to Wall Street
Nasdaq Tuesday submit The Securities and Exchange Commission (SEC) Form 19b-4 formally seeks approval to list and trade 21shares dogecoin etf. The submission builds on the early S-1 registration of 21shares, which not only lists the structure of the proposed ETF, but also reveals a “exclusive” and The house of the road house.
Although ETFs cannot be launched without the final approval of the SEC, Nasdaq’s 19b-4 application marks a critical milestone in the regulatory process. It represents the second and final formal step required to propose a dot cryptocurrency ETF. After the SEC confirms the document, it will be published in the Federal Gazette, with a formal review period beginning, during which the agency will consider whether to approve, reject or delay the decision.
The ETF, if given a green light, will enable institutional investors to gain Doge exposure through regulated financial products, opening up a large amount of capital flows for meme coins.
Doge costs $10: This may not be far-fetched anymore
To get Dogecoin to $10, it will require a lot of market capitalization expansion, and this result seems completely out of reach. Dogecoin has been the subject of various technical analysis of price gatherings. Target even exceeds $10. Now, the growing momentum surrounding Dogecoin ETFs and institutional interest has grown strongly.
One of the strongest indicators that this leap is not impossible is Precedents of Bitcoin Settings. When the spot Bitcoin ETFs in early 2024 were finally approved, they triggered capital inflows from institutional and retail investors. Dogecoin, the king of meme coins, can now drive along similar routes. While $10 may not happen overnight, the path to that goal becomes clearer with the development of such Nasdaq ETF applications.
The SEC is currently reviewing multiple documents Related to the list Funding of the Dogecoin ETF on the spot The drill bit is also waiting for approval. In total, the SEC is currently reviewing apps for approximately 70 encrypted ETFs. According to Bloomberg analysts, 75% Opportunities for approval Doge ETF for 2025.
At the time of writing, Dogecoin trades for $0.174.
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