Bitwise Files for the First Spot Dogecoin ETF: DOGE Price Predictions

The SEC just gave the green light to Bitwise's spot Bitcoin and Ethereum ETFs, marking a huge win for crypto investors and mainstream adoption.

The US Securities and Exchange Commission (SEC) has given the go-ahead to Bitwise's spot Bitcoin and Ethereum ETFs, a significant win for crypto investors and mainstream adoption. This approval marks a major milestone in the institutional acceptance of cryptocurrencies, making it easier for traditional investors to gain exposure to BTC and ETH via regulated financial products.

This move is expected to increase institutional demand for both Bitcoin and Ethereum, reducing supply in circulation and potentially driving prices higher. Following the success of these approvals, Bitwise is now pushing for another groundbreaking ETF—Dogecoin.

Bitwise Files for the First Spot Dogecoin ETFAfter securing approvals for Bitcoin and Ethereum ETFs, Bitwise has officially filed for a spot Dogecoin ETF. If approved, this would be the first ETF to offer direct exposure to DOGE, bringing the meme-based cryptocurrency into the institutional investment arena.

Why Is This Important?Currently, DOGE is one of the most recognized cryptocurrencies, with strong community support and growing utility in payments and tipping. If the ETF gets the green light, it could be a major catalyst for Dogecoin's next bull run.

Dogecoin Price Predictions: Could DOGE Hit $2.60?With speculation around a spot DOGE ETF, analysts are already forecasting major price movements. Here's what two key sources predict:

1. Analyst Prediction: DOGE to $2.35 – $2.60According to ChandlerCharts on X (formerly Twitter), if the Dogecoin ETF gets approved, we could see DOGE surge to a price range between $2.35 and $2.60. This would mark an explosive breakout beyond Dogecoin's previous all-time high of $0.73 reached in 2021.

$2.35-$2.60 is a conservative target. It’s based on $DOGE performance during previous bull runs relative to #Bitcoin and #Ethereum. 📈 pic.twitter.com/Axx3vJPFVH

2. CoinCodex Prediction: More Conservative at $1.38While some analysts are highly bullish, CoinCodex's price model takes a more measured approach, predicting a bull run above $1, peaking at $1.38. This still represents a significant gain from current levels but is more conservative compared to the $2+ targets.

Regardless of which prediction plays out, both predictions anticipate Dogecoin surpassing $1, which would be a major psychological milestone for the cryptocurrency.

Conclusion: A New Chapter for Crypto ETFs?With crypto ETFs becoming a reality, the market is shifting toward greater legitimacy and mainstream adoption. If the Dogecoin ETF gets approved, it could be the next big catalyst that finally sends DOGE above $1 and beyond.

Looking ahead, our algorithmic prediction forecasts Dogecoin reaching $5.13 by 2050, reflecting its long-term growth potential.

Will Dogecoin finally shed its meme status and enter the institutional investment world? Time will tell, but the signs are bullish.