The arrival of a Spot Dogecoin ETF may finally be nearing, as crypto fund asset manager Bitwise has amended its S-1 application with the SEC. The ETF issuer updated the regulatory filing for its Dogecoin ETF on Thursday, suggesting approval chances could be growing, according to Bloomberg analysts. “Bitwise has filed amended S-1s for their spot dogecoin ETF and their spot aptos ETFs,” wrote Bloomberg Intelligence’s Eric Balchunas. “Good signs as it indicates SEC engagement, and tracks with other spot approvals.”

Balchunas is not wrong, as similar instances have occurred with Bitcoin and Ethereum ETFs prior to their launches. The SEC has several crypto ETF decisions to make, including for DOGE, SOL, and XRP. The approval odds for all of these crypto assets are growing, and could mean monster gains for each coin following spot ETF launches. Bitcoin’s price has nearly doubled since the first Spot BTC ETFs went live in January. Several crypto experts predict that approvals could send these coins to new all-time highs in a span of a few months.

Dogecoin ETF to Finally Bring a Breakthrough in DOGE Price?

Dogecoin, in particular, has long been waiting for a breakthrough in price. DOGE has lately been adopting a sluggish price pace, and hasn’t had a significant breakthrough since the US election season last November. Then, DOGE nearly hit $0.50 following Dogefather Elon Musk-supporter and pro-crypto candidate Donald Trump became the US President for a second time. However, the approval and launch of a spot Dogecoin ETF could mean a boom in institutional interest and adoption, sending its price skyrocketing, perhaps finally to $1.

Also noteworthy is the fact that Bitwise’s Dogecoin ETF filing was amended to include in-kind redemptions and creations, meaning that the broker-dealers interacting with the ETF can directly trade shares for DOGE tokens, or vice versa. “Near-lock at this point that in kind will be allowed in spot ETFs across the board,” Balchunas added.

Also Read: Dogecoin: What Are The Latest DOGE Price Targets?

At press time, Dogecoin’s price hasn’t reflected the update too well, albeit a positive one. DOGE is currently sitting at $0.16, down over 20% this month. However, it maintains a 29% climb in the last 365 days. According to analysts at CoinCodex, DOGE may surge to $0.19 by mid-July 2025. The analysts write, “According to our current Dogecoin price prediction, the price of Dogecoin is predicted to rise by 17.45% and reach $ 0.194006 by July 25, 2025. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed).”