The Race for the Next Altcoin ETF Pits a Meme Coin Against a Top L1 Platform

Dogecoin and Cardano have strong odds of ETF approval in 2025, with 80% and 75% chances respectively. Dogecoin benefits from CFTC-regulated futures and broader filings, while Cardano lacks futures. Even with approval, demand remains uncertain as investors remain heavily focused on Bitcoin over altcoins. In a surprising turn for the crypto market, analysts now believe Dogecoin (DOGE), the original meme coin, has a clearer path to a spot ETF approval in the U.S. than Cardano (ADA), a leading smart contract platform. The analysis highlights the complex and often counter-intuitive nature of the U.S. regulatory landscape for digital assets.. According to new data from Bloomberg Intelligence analyst Eric Balchunas, the market is pricing in an 80% probability of a spot Dogecoin ETF approval in 2025, while Cardano’s odds sit slightly lower at 75%. Prob get some but hard to say how much and nothing will compare to bitcoin. We have a little saying on the team “the further away you get from btc, the less assets there will be” — Eric Balchunas (@EricBalchunas) June 10, 2025 This comes as the market turns its attention to which altcoins will follow Bitcoin a… The post The Race for the Next Altcoin ETF Pits a Meme Coin Against a Top L1 Platform appeared first on Coin Edition .

Source: Coin Edition