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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Bloomberg Analyst Who Knows Bitcoin Gives Approval Date for DOGE and AVAX ETF! - Coin Bulletin
Bloomberg analyst James Seyffart states that the expected spot ETF approvals for Dogecoin (DOGE) and Avalanche (AVAX) could come by the end of 2025.
The spot ETF developments that have entered the radar of the crypto markets are now expanding with applications focused on Dogecoin (DOGE) and Avalanche (AVAX). Bloomberg ETF analyst James Seyffart stated that the likelihood of both ETFs being approved by the U.S. Securities and Exchange Commission (SEC) is high. According to Seyffart, the AVAX spot ETF could receive approval by the end of December, while the DOGE spot ETF could be approved in mid-October.
These statements came after Nasdaq recently submitted a rule change proposal to the SEC for VanEck's AVAX spot ETF application. VanEck's move is seen as a critical step towards making Avalanche more accessible to institutional investors.
The competition in the DOGE ETF has intensified.
The competition on the DOGE side has intensified. Following giants like Grayscale and Bitwise, Switzerland-based 21Shares has also filed for a spot Dogecoin ETF. The company has partnered with the Dogecoin Foundation's commercial arm, House of Doge, for the promotion of the fund. If the DOGE ETF is approved, this development will mean that for the first time in history, a meme coin will be listed as a spot ETF.
The SEC approval of DOGE can be interpreted not only as a win for a cryptocurrency but also as the beginning of a new era in the crypto ETF market. Seyffart states, "We are waiting to see where the SEC will draw the line on allowing ETF wrappers for crypto assets," emphasizing that these applications could be critical turning points for the market in the coming months.