Why No Dogecoin ETF? Industry Veteran Questions Meme Coin ETF Absence

Dogecoin's Absence in Exchange-Traded Funds

Cover image courtesy of U.Today

Amidst the rapid evolution of the cryptocurrency landscape, Dogecoin (DOGE) has yet to secure its place in a lucrative investment arena: exchange-traded funds (ETFs). Nate Geraci, President of ETF Store, expresses his perplexity over the absence of a Dogecoin ETF, viewing it as not only a missed financial opportunity but also a marketing oversight that fails to capitalize on the enthusiasm surrounding this popular meme coin.

A year has passed since the milestone approval of the first Bitcoin ETF, paving the way for cryptocurrencies to enter mainstream investment portfolios. Ethereum swiftly followed suit, further solidifying its position within the ETF ecosystem. As the second-largest cryptocurrency by market cap, Ethereum's inclusion seemed inevitable. However, Dogecoin, with its substantial cultural influence and dedicated community, remains uncharted territory in the ETF realm.

Momentum on the Horizon

Despite the lingering absence of a Dogecoin ETF, momentum is gradually building. Just a month ago, Valour introduced the first Dogecoin exchange-traded product (ETP) on Sweden's Spotlight exchange. While an ETP differs from an ETF, this move signals Dogecoin's increasing legitimacy within the investment sphere. However, its impact on attracting larger-scale investors remains uncertain.

DOGE ETF in 2025?

Dogecoin occupies a unique position in the cryptocurrency world. Initially dismissed as a joke, it has risen to prominence as one of the most recognizable cryptocurrencies in the market. Its brand strength rivals that of more technically advanced counterparts. Yet, this visibility has not translated into formal investment products such as ETFs.

The question of a Dogecoin ETF in the near future (potentially by 2025) is gaining relevance as the crypto ETF landscape evolves. Geraci and other industry experts emphasize the paradox of not having a DOGE ETF, particularly given the industry's focus on innovation and market readiness.

[Original article sourced from U.Today]