The Grayscale Investment’s Dogecoin ETF is still waiting on the green light from the US Securities and Exchange Commission (SEC).

The Grayscale Investment’s Dogecoin ETF is still waiting on the green light from the US Securities and Exchange Commission (SEC). Alongside DOGE, over 70 altcoin ETFs, including XRP, Solana, and Litecoin, are stuck in the same review process.

This is a big deal for investors worldwide, especially after the massive success of Bitcoin and Ethereum spot ETFs launched last year, which have been pulling in millions daily.

Despite the delays, Dogecoin’s price hasn’t taken a major hit. In fact, DOGE is already up 48% this year. Once the ETF gets approved, it’s expected to jump even higher, with price targets pushing past the $0.50 mark. The hype is real, and things are looking up.

Why Dogecoin ETF Approval Could Be a Game-Changer

Nasdaq recently asked the SEC to approve the 21Shares Dogecoin ETF, which would hold DOGE directly, no complicated stuff like leverage or derivatives. Coinbase Custody Trust would handle the coins, and the ETF would track the actual DOGE-Dollar price.

This move follows a registration filing by 21Shares, working with House of Doge, linked to the Dogecoin Foundation.

While the ETF isn’t approved yet, experts are already talking about the implications. If DOGE ETFs pull in just 30% to 50% of what Bitcoin ETFs have brought in so far, about $40 billion, that could mean $12 to $20 billion flowing into Dogecoin.

That's some serious potential fuel for the price.

Dogecoin Price Action: Steady Gains Despite Delays

Dogecoin has been on a solid run lately, making a move of 48% in the last 30 days. It's slowed a bit recently, managing a 6.5% increase over the past week.

Despite slowing down, it's pushing a hefty $35.83 billion market cap.

Now, if those ETF inflows of $12 to $20 billion actually happen, imagine Dogecoin's market value more than doubling.

According to those optimistic outlooks from analysts, with $12 billion in ETF money, DOGE might hit around $0.34. But, if it gets $20 billion, it could reach $0.50

That's a 95% to 190% jump in Dogecoin price from where it is now. Some fans are already saying, "If this gets approved, $1 DOGE won't be a joke, it'll be a milestone."

What To Expect Once the Dogecoin ETF Gets the Green Light

The SEC is expected to make a decision on Dogecoin ETFs from Bitwise and 21Shares/Nasdaq by June 15.

If approved, Dogecoin could move beyond its meme coin status and become a fully regulated financial asset, opening the floodgates for big institutional money, retirement funds, and professional portfolio managers to invest.

We've seen Bitcoin ETFs pull in nearly a billion dollars in a single day, so if Dogecoin follows a similar path, it could become a mainstream financial player rapidly. With its huge fan base and availability on most exchanges, the stage is set for a major breakout.

And while we're watching DOGE closely, new projects like Remittix are gaining hype, with a presale that's already collecting serious investor attention.

Available for $0.0781, Remittix is highlighting real-world use cases and blending them with crypto innovation, making it a hot topic in the market, having already raised over $15.2M in presale.