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Bloomberg ETF Analyst Hints Dogecoin Spot ETF Filing Under Trump Presidency
In a recent statement, Eric Balchunas, a senior ETF analyst at Bloomberg, made some insightful remarks about the possibility of a spot Dogecoin ETF filing under President Donald Trump’s presidency.
The unprecedented victory of the cryptocurrency industry over the traditional financial sector has led to the mainstream adoption of altcoin projects in the past few months. This support from crypto-friendly US leaders has significantly influenced institutional investors’ perspectives on digital assets, resulting in increased interest and investment in these assets.
Furthermore, more investment fund managers have filed for spot altcoins ETF with the US Securities and Exchange Commission (SEC), including Solana, XRP, and Litecoin, among others.
Given the present macro crypto bull market trends, it is expected that many funds will follow suit in investing in the web3 industry.
Source: coinpedia.org
