Despite Polymarket’s prediction that the king of memecoins, Dogecoin (DOGE), has a 44% chance of exchange-traded fund (ETF) approval before the end of 2025, another viewpoint has surfaced. Notably, a Bloomberg Senior ETF Analyst, Eric Balchunas, has pegged the likelihood of a U.S.-listed memecoin ETF to 2026. Polymarket Bets on Dogecoin ETF, But Analysts Urge Caution In a post on X, Balchunas maintains that an actively managed memecoin ETF could happen, but not immediately. He noted that memecoins generally have different returns and a wide performance range between different memecoins in the space. The senior ETF analyst believes that it is possible for a fund manager not to hold the coins but still gain exposure to them. He highlighted the 1940 or 1933 Act as an alternative to managing memecoins, allowing fund managers flexibility to build their portfolios. The advantage of this approach is that asset managers could operate within the confines of existing regulatory frameworks. However, Dave Nadig, another expert in the ETF space, pointed out that the current U.S. Securities and Exchange Commission (SEC) rules create restrictions. He remained optimistic that the SEC’s new leadership under Paul Atkins might lead to shit in regulations. Nasdaq, 21Shares, and Grayscale Push for Regulatory Approval Nasdaq recently filed with the SEC in the broader crypto industry to list and trade the 21Shares Dogecoin ETF . Nasdaq has already submitted an S-1 form to the U.S. regulator, a crucial step in the approval process, which could take months to finalize. Besides Nasdaq, other asset managers like Grayscale and Bitwise have also submitted their applications. It signals that despite the skepticism surrounding memecoins, there is substantial interest from notable financial companies in the market. While the broader crypto space awaits the regulatory body’s decision on the Dogecoin ETF filing, bettors on Polymarket have given it over 40% chance of approval. SEC Delays Raise Doubts, But Momentum Builds However, the SEC has not inspired confidence lately, as the regulator has continued to postpone key decisions regarding ETF products. For instance, Bitwise applied in November 2024 to convert its crypto index fund into an ETF. However, the SEC has delayed deciding on the application. The new administration under Paul Atkins has yet to approve any spot ETF linked to individual crypto. XRP, Solana , and Cardano are some crypto assets that asset managers have filed in applications for and await regulatory attention. The post Memecoin Mania: Bloomberg Analyst Predicts ETF Approval by 2026 appeared first on TheCoinrise.com .
