With no asset manager currently having filed for a spot Dogecoin ETF, speculation around its launch continues. According to crypto trading firm Wintermute, a meme coin ETF, likely featuring Dogecoin, could debut in 2025. The report highlights that traditional financial institutions are increasingly interested in meme coins, which helped Wintermute's Over-the-Counter market share grow from 0.3% in 2023 to 5.1% in 2024. Jake Ostrovskis, an OTC trader, noted that despite the lack of filings, interest in Dogecoin as a possible ETF asset persists. Trading volumes for meme coins surged significantly, with a 210% increase from 2023 to 2024. Dogecoin and Shiba Inu alone accounted for a large portion of Wintermute's OTC trading volumes, with 53.6% and 34.6% respectively. The rise of meme coins has been attributed to their appeal in the crypto market, despite their volatility. As traditional financial players adapt to this new landscape, the potential for a Dogecoin ETF remains an intriguing possibility, particularly given the ongoing interest from significant figures like Elon Musk, which could fuel further developments.

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