Dogecoin

Bitcoin ETF

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<a href="https://x.com/billym2k/status/1792998459878076625?s=46&amp;t=WcuOKMo62Zy4eG9Be-uY1A" rel="noopener noreferrer nofollow">Billy Markus</a>, one of the creators of Dogecoin known as "Shibetoshi Nakamoto," has given his opinion on the growing speculation over the SEC's possible approval of a Dogecoin ETF. Such talk comes amid significant developments on the crypto market, including the emergence of the Bitcoin ETF and the pending decision on the&nbsp;<a href="https://u.today/raoul-pal-delivers-epic-prediction-for-ethereum-all-time-high" rel="noopener noreferrer nofollow">Ethereum ETF</a>. Thus, crypto enthusiasts have started wondering who might be next in line to get their own similar solution.
Although&nbsp;<a href="https://u.today/ethereum-to-100000-dogecoin-creator-issues-epic-price-call" rel="noopener noreferrer nofollow">Dogecoin</a> originated as a meme cryptocurrency, its use has continued for over a decade, with many large and small companies around the world adopting DOGE as a means of payment.
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 a dogecoin etf would be amusing— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1792998459878076625?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 21, 2024</a>
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The enthusiasm of market participants is fueled by the fact that Dogecoin is not classified as a security, making it a promising candidate for an ETF. For instance, earlier this year, the Commodity Futures Trading Commission (CFTC) approved Coinbase Derivatives futures on Dogecoin, indicating some approval from the regulator.&nbsp;
This approval is seen as a turning point that could pave the way for traditional financial institutions to engage more formally with&nbsp;<a href="https://u.today/dogecoin-doge-history-points-to-mega-rally-ahead" rel="noopener noreferrer nofollow">DOGE</a>.
<h2 dir="ltr" id="is-dogecoin-etf-a-concern">Is Dogecoin ETF a concern?</h2>
Dogecoin is currently the eighth largest cryptocurrency, with a market capitalization of $24.25 billion and a daily trading volume of $2.86 billion. The cryptocurrency is trading at $0.168, well below its all-time high of $0.74 reached in May 2021. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="f4149e34-16ac-4684-9671-7ca0daa793f9" src="https://u.today/sites/default/files/inline-images/dogeeth_0.png">DOGE to USD by <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
On the other hand, while the possibility of creating a Dogecoin ETF offers obvious benefits such as greater institutional participation and market legitimacy, it also raises concerns about the growing influence of traditional financial institutions on the crypto market.&nbsp;

Dogecoin (DOGE) Creator Breaks Silence on Dogecoin ETF

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