Recep Gülcemal 
Dogecoin, one of the most colorful and important cryptos in the cryptocurrency world, has long been in the Spot ETF approval process. Dogecoin (DOGE) is eagerly awaited by the SEC in the Spot ETF approval process. DOGE investors are anxiously awaiting the possible approval of a SPOT ETF by the SEC.
We are in an Important Period for Dogecoin ETF Approval
In the past period, the Spot ETF, which came first by BTC and then by ETH, which the cryptocurrency market had been waiting for a long time, was greeted with excitement by the market. The Spot ETF approval process, in which digital cryptocurrency assets starting on Bitcoin and Ethereum are accepted by governments and allow for trading and accumulation in this direction, has started. After the ETF approvals expected by BTC and ETH investors, eyes have turned to other important altcoins. Especially among these, Dogecoin has a different place. ETF applications made by companies such as Dogecoin Bitwise and Grayscale, the most popular of Memecoins, are expected to be approved by the SEC.
Is Dogecoin Tokenomic Structure Blocked by Spot ETF?
Dogecoin’s unlimited supply model in its tokenomic structure is considered by investors and the market as the biggest negative aspect. The token’s lack of a supply limit means that an unlimited amount of tokens can be introduced to the market. According to the Dogecoin tokenomics structure, approximately 5 billion DOGE are put into circulation every year. This leads to a daily inflation of 14.4 million DOGE. The existence of this situation causes confidence in the token.
How is this interpreted by the market?
- Doge may be a worthless coin in the long run
- The low price unit, usually under $1, is supported as being attractive to new investors.
There are thousands of people in the market who interpret this situation positively or negatively. However, it is worth underlining that the unlimited supply model can pose a serious problem in terms of market reliability. Since this is the case, it remains a mystery whether a coin that has problems in terms of reliability will receive Spot ETF approval by the SEC.
SEC and ETF Process: Can Dogecoin Get Spot ETF Approval?
After the Spot ETF approval of BTC and ETH by the SEC, the possibility of ETF approval has increased in terms of anchor altcoins. But what is the possibility of ETF approval for Dogecoin, which is in the memecoin category?
Important Factors for Dogecoin ETF Approval:
- Market Liquidity: Dogecoin is one of the most liquid altcoins.
- Institutional Demand: It is being followed with interest by Grayscale and Bitwese.
- Regulatory Compliance: As a result of the SEC’s view on Memecoins, approval or rejection may become a similar decision.
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