REX Shares, a financial services company known for its creative approach to ETFs, recently filed applications for ETFs tied to several cryptocurrencies, including Dogecoin. These reports mark a pivotal moment for Dogecoin amidst the current cryptocurrency market excitement, with positive sentiment currently at a multi-year high.

Novel ETF applications are taking the market by storm

Over the past few days, the cryptocurrency industry has been full of excitement before and after the inauguration of modern US President Donald Trump. This excitement has resulted in intense price volatility for many cryptocurrencies.

Amid this intense volatility, asset management firms REX Advisers and Osprey Funds have jointly filed applications with the U.S. Securities and Exchange Commission (SEC) seeking approval to launch seven modern cryptocurrency ETFs. These ETFs are designed to provide exposure to a range of digital assets, including established tokens such as Solana and Ripple’s XRP, as well as meme coins such as Dogecoin and even the recently launched TRUMP coin.

ETFs are currently in vogue in the cryptocurrency industry thanks to the success of Spot Bitcoin ETFs Volthe hat was launched in the US at the beginning of last year. Their universal success marked a turning point for institutional investment in cryptocurrencies. Following their success, Spot Ethereum ETFs also entered the market, paving the way for discussions about spot ETFs for other digital assets. mainly XRP and Solana.

Interestingly, REX’s modern ETF filings can be seen as an attempt to capitalize on growing interest in various crypto assets and test the SEC’s evolving stance under its modern crypto-friendly leadership. Bloomberg Senior ETF Analyst Eric Balchunas highlighted the growing interest in this space, noting that no cryptocurrency ETF filings with the U.S. Securities and Exchange Commission now it has reached 33essentially doubling since Gary Gensler stepped down as the regulator’s chairman last Friday.

What does the Dogecoin ETF mean for Dogecoin?

In particular, the nature of the submissions means that proposed submissions may end up on the market very soon within the next 75 days. Dogecoin, for example, is forecast benefit the most from an ETF entering the market. This is because recent cryptocurrency market dynamics have seen Dogecoin become the cryptocurrency of choice for retail investors as Bitcoin increasingly becomes the choice for institutional investors.

Historically, Dogecoin has shown its ability to surge on positive trends such as Elon Musk’s tweets and listings on major exchanges. If the Dogecoin ETF receives approval, it could attract a significant inflow of modern investors. This, along with community support for Dogecoin, could pave the way for a significant price enhance above $1. Noting that cryptocurrency analysts are already predicting that Dogecoin will break the $1 mark this cycle various technical indicators AND patterns supporting this prediction.

At the time of writing, Dogecoin is trading at $0.364, up 5.1% in the last 24 hours. Reaching $1 from its current level would mean a 175% price enhance.

Featured image from Unsplash, chart from Tradingview.com