Here is How High DOGE Can Rise if It Gets 50% of BTC Inflows, As Grayscale Files for Doge ETF

With Grayscale submitting for a Dogecoin ETF, the Dogecoin worth may skyrocket tremendously if the product captures solely 50% of Bitcoin ETF inflows after approval.

Grayscale Investments has launched the Grayscale Dogecoin Trust, seeking to present institutional and accredited traders with publicity to Dogecoin. Following this launch, the agency promptly filed with the U.S. Securities and Change Fee (SEC) to transform the belief right into a spot exchange-traded fund (ETF). 

UPDATE: That was FAST. @Grayscale launched a DOGE belief earlier as we speak they usually simply filed a 19b-4 to transform it into an ETF pic.twitter.com/IU64NeiPsY

— James Seyffart (@JSeyff) January 31, 2025

The transfer syncs with Grayscale’s push to develop its crypto choices. Recall that the corporate made related strikes with Bitcoin and Ethereum, submitting to transform its BTC and ETH Trusts to ETFs with the SEC. Curiously, Grayscale additionally not too long ago carried out these steps with its XRP Belief.

Notably, the Grayscale Dogecoin Belief will observe Dogecoin’s market worth, presenting traders with a regulated avenue to realize publicity to the meme coin with out direct possession. At the moment, the belief is on the market for subscription to eligible accredited traders and can rework to an ETF following the SEC’s approval.

Dogecoin Value if Its ETFs Entice 50% of Bitcoin ETF Inflows

This submitting is considered one of a number of efforts from completely different property managers to introduce Dogecoin ETFs. Ought to these merchandise see the sunshine of day, they might entice extra institutional capital into the Dogecoin market, impacting DOGE worth positively.

For context, this pattern performed out with Bitcoin, with the sustained flows into Bitcoin ETFs pushing the BTC worth to a brand new all-time excessive earlier than a halving occasion for the primary time ever. Particularly, these Bitcoin ETF merchandise have recorded $40.5 billion in capital inflows since they launched in January 2024.

Notably, if Dogecoin ETFs witness solely 50% of those inflows, this might have huge implications for costs. Notably, 50% of the Bitcoin ETF inflows quantities to $20.25 billion. Making use of the BoA 118x inflow-to-valuation multiplier results in an extra market cap of $2.39 trillion for DOGE.

In the meantime, market knowledge confirms that Dogecoin at present boasts a market cap of $47.6 billion. An addition of $2.39 trillion would result in a complete valuation of $2.86 trillion. Now, contemplating Dogecoin’s circulating provide of 147.8 billion, a $2.86 trillion market cap interprets to a worth of $19.34. This might mark a 5,895% enhance from the present worth of $0.3226.

Nevertheless, it bears mentioning that there isn’t a assure that Dogecoin ETFs would file such a considerable quantity of capital. As an example, Ethereum ETFs have solely seen $2.76 billion inflows regardless of current since July 2024.

Dogecoin ETF Race Heating Up

Nonetheless, the ETF race for Dogecoin seems to be heating up. In a associated improvement, Bitwise additionally filed an S-1 type with the SEC to determine a Dogecoin ETF. 

Notably, Wintermute, a outstanding crypto market maker, had earlier predicted {that a} main asset supervisor would launch a meme coin ETF in 2025, with Dogecoin being the probably candidate. This forecast has now materialized with Grayscale’s current submitting.