Revolution in ETF Redemptions: Dogecoin’s New Path
In an unprecedented move, Bitwise has updated its Dogecoin ETF proposal to allow for in-kind redemptions, a significant shift for brokers and dealers engaged with the ETF. This alteration departs from the traditional US practice of cash redemptions, which requires brokers to initially purchase Dogecoin ($DOGE), convert it to USD, and deliver the cash to the ETF issuer for shares. This process incurs capital gains taxes.
With the proposed amendment, brokers can directly exchange $DOGE for ETF shares, eliminating the USD conversion and associated tax implications. Continue reading to discover how this pivotal change could influence the crypto market and identify meme coins poised for potential exponential growth.
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Understanding In-Kind Redemptions
Amendments such as these typically arise from dialogues between the SEC and applicants, signaling a proactive stance by the SEC towards crypto authorizations. This development suggests a possible imminent debut of the DOGE ETF in the US. Noteworthy is the similar amendment filed by 21Shares for their DOGE ETF on May 28.
Potential Impacts on the ETF Landscape
According to Eric Balchunas, a renowned ETF analyst, the in-kind redemption method could extend to all ETFs in the US, encompassing Bitcoin and Ethereum. The Cboe BZX Exchange also submitted an application to the SEC in February 2025, advocating for in-kind redemptions for two ETFs, indicating a firm stance by the SEC on this matter.
In-kind redemptions offer significant tax relief, making ETF products more attractive to brokers and dealers. Additionally, it minimizes transaction fees, fostering long-term cost savings. This shift reflects a broader institutional acceptance of crypto-based financial instruments, especially given the SEC’s clarified regulatory structures.
Tokens Poised for Growth
Snorter Token ($SNORT) – A Promising Meme Coin for 2025
Snorter Token ($SNORT) is gaining attention as the next big crypto prospect. Our price forecast suggests a potential surge of 1,900%, reaching $1.92 by 2026. This optimism is fueled by the Snorter Bot, a Telegram trading bot tailored for retail traders to swiftly acquire meme coins as liquidity emerges.
The bot enables traders to capitalize on low-priced meme coins upon their exchange listing, a feat typically reserved for institutional players with advanced trading bots. The Snorter Bot also offers robust security against sandwich attacks, honeypots, and scams, ensuring a protected trading environment.
Investing in $SNORT offers several advantages, including reduced trading fees from 1.5% to 0.85%, the lowest in the trading bot sector. With the presale in its early stages, investors can stake $SNORT for dynamic staking rewards, currently yielding 250% annually. Snorter Token has secured over $1.3 million in funding, with tokens available at $0.0967 each. Discover how to purchase it.
BTC Bull Token ($BTCBULL) – Championing Bitcoin’s Ascent
BTC Bull Token ($BTCBULL) is distinguished by its innovative support for Bitcoin as it achieves new milestones. What sets $BTCBULL apart is its free $BTC airdrops, rewarding holders whenever Bitcoin surpasses new thresholds, such as $150K and $200K.
Participants storing their tokens in Best Wallet and engaging in social media campaigns receive $BTC proportionate to their $BTCBULL holdings. This pro-Bitcoin mechanism has made BTC Bull Token a sought-after crypto presale, raising over $7.5 million to date.
Additionally, $BTCBULL employs a deflationary model, reducing its total supply whenever Bitcoin’s price increases by $50K, driving demand and price. Currently priced at $0.00258, $BTCBULL has the potential to soar 1,828%, reaching $0.0497 by 2030. Acquire $BTCBULL while it remains affordable.
Shiba Inu ($SHIB) – The Leading Meme Coin After $DOGE
Shiba Inu ($SHIB), the second-largest meme coin after Dogecoin, has faced a downward trend, losing over 21% in value over the past month. However, the anticipated Dogecoin ETF could positively impact $SHIB, potentially making it a favored choice among investors seeking increased exposure.
A Dogecoin ETF could spark heightened interest in a $SHIB ETF, further boosting the token’s price. Trading at $0.00001122 currently, enthusiasts remain hopeful that positive developments in Dogecoin could herald a turnaround soon.
Conclusion
Under the supportive Trump administration, the SEC is gradually embracing crypto-based ETFs, potentially easing taxation rules. This shift could stimulate positive momentum in the broader crypto and meme coin markets. Tokens like Snorter Token ($SNORT) and BTC Bull Token ($BTCBULL) stand to gain significantly. However, always conduct thorough research before investing. This article is not a substitute for professional financial advice.
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