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Dogecoin is a highly community and social media-driven coin, a single tweet from Elon Musk can double its price, Trump’s meme craze has already boosted the meme coin sector. And on top of this Bitwise has officially filed an S-1 registration with the SEC for a Dogecoin exchange-traded fund (ETF), marking a major step in integrating meme coins into mainstream finance. This move has sparked excitement in the crypto market, as it signals increasing confidence in Dogecoin’s potential as a financial asset. Dogecoin ETF Sparks Optimism Bitwise’s s1-filing follows an earlier registration in Delaware, reinforcing its commitment to launching a Dogecoin ETF. Other firms, including Osprey Funds and Rex Shares, have also submitted proposals, highlighting the growing demand for a regulated investment vehicle for Dogecoin. However, the price dropped 4% following the news, which shows investors are not sure of memecoins due to unclear regulations. Yet, Dogecoin’s resurgence is linked to Trump’s pro-crypto administration. The creation of the Department of Government Efficiency under President Trump has fueled speculation about increased crypto adoption. Last week, Trump signed an executive order forming a working group to develop a federal regulatory framework for digital assets. He also appointed crypto-friendly Paul Atkins to lead the SEC, further signaling potential regulatory shifts in favor of digital assets. Dogecoin’s Market Position Dogecoin is no more a joke, it currently trades at around $0.32, with a market cap of $47 billion. Bitwise CIO Matt Hougan emphasized the strong demand for Dogecoin investments, noting that it is the sixth-largest cryptocurrency and sees daily trading volumes exceeding $1 billion. Despite a slight 0.8% decline in the past 24 hours, Dogecoin remains a popular choice among retail traders. Being a low-cap asset, the Dogecoin ETF could boost its credibility and drive institutional interest if approved. Crypto analyst Ali Martinez predicts…