The arrival of the Spot Dogecoin ETF may be coming soon as Crypto Fund Asset Manager Bitwise has fixed the S-1 application in SEC with SES. The ETF publisher updated its DogeCoin ETF regulatory submission on Thursday, suggesting that the possibility of approval may be increasing, according to Bloomberg analysts. “Bitwise has submitted a revised S-1 to the Spot Dogecoin ETF and the Spot Aptos ETF,” writes Eric Baltunas of Bloomberg Intelligence. “A good indication of SEC engagement and tracking with other spot approvals.”
Baltunas is not wrong. This is because similar instances occurred with Bitcoin and Ethereum ETFs before launch. The SEC has several cryptographic ETF decisions, including Doge, Sol, and XRP. The approval odds for all these crypto assets are increasing, which could mean winning monsters for each coin following the launch of a spot ETF. Bitcoin prices have almost doubled since the first spot BTC ETF was revealed in January. Several cryptography experts predict that approvals will send these coins to new history highs in a matter of months.
Will DogeCoin ETF ultimately bring a breakthrough for Doge Price?
In particular, Dogecoin has been waiting for a price breakthrough for a long time. Doge has recently adopted a slower price pace and has not had any major breakthroughs since last November’s US election season. Doge then became the second president of the United States, following Dogefather Elon Musk-Supporter and pro-cryptic candidate Donald Trump. However, the approval and launch of the Spot Dogecoin ETF could mean a boom in institutional interest and adoption, with its price surges and ultimately it will reach $1.
It is also worth noting that Bitwise’s Dogecoin ETF submission has been amended, which means that broker-dealers interacting with the ETF have been amended to include the ability to trade stocks directly with Doge Tokens and vice versa. “At this point, it will be allowed at this point in a full spot ETF, close to the lock,” added Bulknath.
At the time of pressing, Dogecoin prices are positive, but do not reflect the update very well. Doge is currently at $0.16, exceeding 20% this month. However, it has maintained a 29% increase over the last 365 days. According to analysts at Concodex, Doge could surge to $0.19 by mid-July 2025. The analyst wrote:
