Everyone’s favorite dog meme coin might be getting its own ETF sooner rather than later.

NYSE Arca just filed to list Bitwise's Dogecoin ETF on March 3rd, and it's not even April Fool's Day.

We've officially entered the timeline where a currency created as a joke in 2013 is being considered for Wall Street's blessing – is this the “we made it” marker for our industry?

The Big Dogs Backing It

Bitwise didn't come to play – they've lined up some serious muscle behind this ETF filing.

Coinbase will handle custody duties and keep all those DOGEs safe in their digital kennels.

Bank of New York Mellon is taking over managing cash, administration, and all the boring TradFi stuff.

When one of America's oldest banks is handling paperwork for a dog-themed currency, you know we’re getting into unchartered territory.

DOGE dropped 15% to $0.19 after the news, following the trend of ongoing market chaos.

All those gains from Trump's crypto stash announcement faded into the sea of red that has defined market action this past week. 

However, the market still seems to think this ETF has legs despite the current short-term price action.

Regulatory filings don't always pump your bags immediately – sometimes, you need actual approval and a general turnaround in sentiment for that to happen.

The Altcoin ETF Gold Rush

Dogecoin isn't the only crypto trying to get that sweet ETF status.

Grayscale has its own DOGE trust application waiting for the SEC's thumbs-up by October.

And the floodgates are opening, with Cardano, Solana, Polkadot, Litecoin, and even XRP entering the ETF arena.

First, Bitcoin got its ETF, and now every altcoin wants the same treatment – the precedent has been set, and we’re witnessing the beginnings of a massive wave of potential approvals that could redefine how institutional investors approach the digital asset market. 

Approval Odds Looking Bullish

Polymarket bettors are giving this thing a 67% chance of getting the green light, and Bloomberg's analysts are even more optimistic, with 75% odds of approval before the year is out.

Could this be when a meme coin completes its final evolution into a "legitimate investment vehicle"?

Just remember that the SEC moves in mysterious ways, and nothing is certain until Chair Atkins bangs his gavel.

A Doge In This Race

If approved, boomer investors could soon be asking their financial advisors to add dog money to their retirement accounts.

Traditional finance continues its slow surrender to digital assets, one ridiculous approval at a time.

We’d imagine that Dogecoin creator Billy Markus is probably laughing his head off that his joke has made it this far.