Bets Favoring Dogecoin ETF Approval In 2025 Jump After Bitwise's Delaware Filing—Top Trader Paints Over 4000% Upside For Memecoin - iShares Ethereum Trust - iShares Ethereum Trust ETF (NASDAQ:ETHA)
- Bitwise Asset Management has registered an entity called 'Bitwise Dogecoin ETF' in Delaware, taking a step toward issuing a Dogecoin ETF, as reported by the Delaware's Department of State's Division of Corporations.
- REX Shares filed with the SEC for a Dogecoin ETF, prompting Bitwise's registration a day later, indicating competition in the memecoin ETF space, according to the news.
- Analysts predict significant returns for Dogecoin, with a price target of $15, suggesting an upside of 4140.88%, as stated by cryptocurrency analyst Ali Martinez.
- Odds of a Dogecoin ETF being approved in 2025 rose from 36% to 53% on Polymarket following these filings, as reported in the prediction markets.
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