Wintermute Predicts a Dogecoin (DOGE) ETF Will Emerge in 2025 as Institutional Interest in Meme Coins Grows

Cryptocurrency algorithmic trading firm and liquidity provider Wintermute has made a bold prediction for the crypto community: Dogecoin could get an ETF this year.

The prominent firm shared this perspective in its 2024 market review and 2025 outlook for the crypto market. Specifically, the bold prediction highlights the growing institutional interest in meme coins, which surged in popularity throughout 2024.

Institutional Appetite for Meme Coins Surges

According to Wintermute’s 2024 market review, meme coins saw a staggering 210% surge in trading volumes in 2024. Moreover, meme coins’ share of the firm’s OTC trading volumes skyrocketed from 7.3% to 16.2%, an impressive increase.

The report emphasizes that these figures reflect an increasing risk appetite among investors, who are gradually moving up the risk curve in search of higher returns. It also highlights how many institutions are looking beyond Bitcoin to diversify and pursue greater yields.

Given the growing risk appetite for meme coins, Wintermute believes that it could soon be possible for the asset class to be wrapped into an ETF.

2025 Prediction: A Dogecoin ETF Will Surface

Wintermute’s latest insights predict that 2025 will usher in high-profile token launches and groundbreaking exchange listings.

A key highlight of this prediction is that a core asset manager will likely launch a meme coin ETF. Interestingly, Wintermute is betting on Dogecoin (DOGE) being the asset in question.

Notably, the expectation of a Dogecoin ETF is gaining significant traction in the crypto community. In a tweet yesterday, Nate Geraci, President of the ETF Store, expressed his surprise that no issuer has yet filed for a Dogecoin ETF.

He highlighted that DOGE is the seventh-largest digital asset and the most prominent meme coin with an institutional appeal.

Geraci pointed out that, at worst, such an ETF would be a marketing expense for the issuer. At best, it could receive approval from a lenient SEC, with Elon Musk lending his support to boost its prospects further.

James McKay, founder of McKay Research, agreed with this sentiment. He added that “DOGE” will remain part of the national conversation for at least the next four years.

Notably, McKay is referring to the incoming Department of Government Enforcement (D.O.G.E.), to be headed by Elon Musk under Trump’s administration.

McKay argued that this ongoing attention, coupled with the Federal Government’s involvement, provides a dual boost, especially given the department’s leadership by someone who is also an advocate for crypto.

Agreed. Not to mention that DOGE is coming to be in the national conversation for the next 4 years as a minimum via the Federal Government, which is a 2 for 1 pump given the dude running the dept. is also pushing the #crypto.

— James McKay (@McKayResearch) January 16, 2025

ETP for Dogecoin Rival in the Works

Meanwhile, the team behind Floki, the seventh-largest meme coin by market cap, is preparing to launch an exchange-traded product (ETP) in Europe by early 2025. The FLOKI team plans to list the ETP on Switzerland’s SIX Swiss Exchange.

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