Dogecoin price could appreciate by over ten-fold if the meme coin attracts only 10% of Bitcoin ETF inflows after securing ETF products.
Notably, in the wake of successes of Bitcoin and Ethereum exchange-traded funds (ETFs), leading asset managers are now exploring ETF wrappers for other crypto assets. Currently, Dogecoin is one of the top candidates for this movement, attracting considerable attention.
Asset Managers File for Dogecoin ETFs
Earlier, Wintermute predicted that a top assets management firm would file for a Dogecoin ETF this year. Recently, asset manager Bitwise registered a statutory trust for a Dogecoin ETF with Delaware’s Department of State’s Division of Corporations.
In addition, REX Advisers and Osprey Funds have jointly sought approval from the U.S. Securities and Exchange Commission (SEC) to launch an ETF encompassing various meme coins, including Dogecoin.
For context, their filing proposes seven new cryptocurrency ETFs, reflecting a broader industry trend toward diversified crypto investment products. Interestingly, analysts have argued that Dogecoin’s substantial market capitalization makes it a viable candidate for ETF offerings.
The surge in ETF filings has influenced prediction markets. On Polymarket, the probability of a Dogecoin ETF receiving approval in 2025 rose from 27% earlier in the year to 53% following these developments, before stabilizing at 50% at press time.
Should such an approval occur, some analysts expect Dogecoin to enjoy similar successes as Bitcoin and Ethereum, but this remains to be seen. Regardless, a substantial amount of capital inflows into the Dogecoin market through these ETFs could have positive implications for prices.
This phenomenon occurred with Bitcoin. Notably, the token hit a new all-time high due to substantial inflows and eventually surpassed the $100,000 mark. For context, Bitcoin ETFs have captured about $39.94 billion in cumulative inflows since launch in January 2024.
Dogecoin Price if It Captures 10% of Bitcoin ETF Inflows
If Dogecoin only witnesses 10% of this success, the impact on its market capitalization could be remarkable. Notably, 10% of the cumulative Bitcoin ETF inflows amounts to $3.9 billion. Applying the Bank of America BTC inflow-to-valuation multiplier of 118x would translate to an additional market cap of $460.2 billion from these inflows.
Currently, Dogecoin boasts a market cap of $48.9 billion, making it the eighth-largest crypto asset globally. An additional $460.2 billion in valuation leads to a total market cap of $509.1 billion. Meanwhile, considering Dogecoin’s circulating supply of 147.8 billion tokens translates to a price of $3.44 per DOGE, a 9.4x increase from the current price of $0.331.
However, this valuation approach takes several variables into account that might not fall into place. As a result, it is important to note that the approval of Dogecoin ETFs might not influence similar price dynamics.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
