Bitwise recently made a significant amendment to its Dogecoin ETF application, with Bloomberg analysts now predicting an 80-90% approval likelihood. This development could mark the first influx of institutional capital into the meme coin sector.
Savvy investors are already eyeing the best meme coins to buy ahead of this ETF launch. Here's what you need to know about the potential DOGE ETF and which cryptocurrencies stand to benefit most.
Latest Developments in the DOGE Spot ETF Market
Key updates from yesterday's activity:
- Bitwise updated its SEC filing to include "in-kind" creation and redemption mechanisms
- This allows broker-dealers to exchange ETF shares directly for Dogecoin without cash conversion
- Reduces friction and improves tax efficiency
Eric Balchunas of Bloomberg described this as "SEC engagement," indicating serious regulatory consideration. Similar processes occurred before Bitcoin and Ethereum ETF approvals.
Three firms are currently competing for approval: Bitwise, Grayscale, and 21Shares. The final deadline is July 17, with analysts estimating 80-90% approval odds.
Top 4 Meme Coins Positioned for Growth
1. Dogecoin (DOGE)
The original meme coin stands to benefit directly from ETF approval:
- Institutional access through traditional brokerage channels
- Potential to reduce price volatility with long-term capital
- Current price: ~$0.16 with significant upside potential
- Mainstream validation could drive new adoption waves
2. Snorter (SNORT)
This emerging presale star offers real utility:
- Telegram trading bot with advanced features
- Lower fees (0.85% vs standard 1%+)
- AI scam detection with 85% beta-test accuracy
- Already raised $1.2M in presale
- Plans for multi-chain expansion
👉 Explore Snorter's unique trading advantages
3. Pepe (PEPE)
While not ETF-ready, PEPE benefits from sector validation:
- Strong brand recognition and community
- Whale wallets accumulating positions
- Potential "next in line" narrative after DOGE
- Increased risk appetite could drive capital flows
4. BTC Bull Token (BTCBULL)
A unique Bitcoin-linked opportunity:
- Real BTC airdrops at price milestones
- High-yield staking mechanism
- $7.5M+ raised in presale
- Positioned to benefit from broader crypto adoption
👉 Discover BTC Bull Token's innovative model
FAQ Section
Q: When will the Dogecoin ETF be approved?
A: The final deadline is July 17, with 80-90% estimated approval odds.
Q: How will the ETF affect DOGE price?
A: Institutional access could significantly increase demand while potentially stabilizing volatility.
Q: Which meme coins have the most potential?
A: Coins with strong communities (DOGE, PEPE) or real utility (SNORT) are best positioned.
Q: Is BTCBULL a good investment?
A: While promising, all investments carry risk. The token's unique BTC-linked model offers interesting potential.
Q: How can I participate in SNORT's presale?
A: Visit the official Snorter website through authorized channels only.
Market Outlook
The potential Dogecoin ETF represents a watershed moment for meme coins, offering:
- Institutional validation
- Increased liquidity
- Broader adoption pathways
- Enhanced sector credibility
Investors should monitor developments closely while considering diversified exposure to both established and emerging projects with strong fundamentals.
Disclaimer: Cryptocurrency investments involve substantial risk. This content represents analysis only, not financial advice. Conduct your own research before investing.