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Dogecoin (DOGE) is riding a wave of speculation after Bitwise Asset Management submitted an 8(a) filing for a spot Dogecoin ETF, potentially launching by November 26 if the SEC stays silent. Trading at $0.18 amid broader market jitters, the meme coin has dipped 7% weekly but clings to its 2021 all-time high of $0.74, eyeing a rebound as institutional doors crack open.
This follows REX-Osprey’s pioneering DOJE ETF launch in September 2025, which drew retail inflows and boosted DOGE’s legitimacy. Analysts see Bitwise’s move—holding actual DOGE with Coinbase Custody—as a bridge from viral hype to Wall Street wallets, mirroring Bitcoin and Ethereum ETF booms that funneled billions. “Meme coins like DOGE could tap untapped capital if regulators align,” notes Bloomberg’s Eric Balchunas, highlighting the 20-day auto-approval window.
On-chain signals are mixed: Active wallets grew modestly year-to-date, with over 29,000 added since January, signaling holder conviction. Yet, whales dumped 1 billion DOGE ($440 million) last week, driving exchange outflows and a 17% plunge. Santiment data shows millionaire addresses up 1.24%, hinting at accumulation beneath the surface.
Technicals favor bulls if support at $0.16 holds: Resistance looms at $0.20, with a break targeting $0.30 by Q4. Analyst Michaël van de Poppe eyes altcoin surges, including DOGE, in a 2025 “easy bull cycle” with 10-20x potential before any peak.
As “Dogecoin ETF approval 2025” searches spike, the DOGE army braces for volatility. Regulatory nods could propel it past $0.25; whale reversals will decide the blast-off.
