Dogecoin News Today: Dogecoin ETF's 20-Day Countdown: Rally or Regulatory Hurdles?

Bitwise Asset Management's spot Dogecoin ETF is poised to enter the U.S. market within 20 days, with a potential launch date set for November 26, following its recent 8(a) filing with the Securities and Exchange Commission (SEC), according to a Coinfomania report. The ETF, trading under the ticker "DOGE," will hold actual Dogecoin tokens and charge a 0.34% management fee, which Bitwise has pledged to waive for the first month on the first $500 million in holdings, as noted in a Blockchain Magazine article. This move signals growing institutional acceptance of meme coins and could catalyze a price rally for DOGE, which currently trades near $0.165, according to a CryptoTimes report.

The SEC's recent regulatory framework, which allows ETFs to auto-approve after 20 days if no objections are raised, has expedited the process, according to a CoinMarketCap article. Bitwise's filing aligns with this mechanism, bypassing traditional approval delays exacerbated by the ongoing government shutdown, which has left the SEC operating with limited staff, a development highlighted in a Coinpedia report. The firm's strategy mirrors its successful Solana ETF launch, which attracted $56 million in inflows on its debut, and follows Grayscale's similar approach for its XRP and Dogecoin ETFs.

Analysts suggest the ETF could reshape Dogecoin's market dynamics by providing regulated access to institutional and retail investors. Nate Geraci of ETF Store called the launch "the final nail in the coffin of previous anti-crypto regulators," highlighting the shift away from years of litigation against Ripple and other crypto projects, as previously reported by Coinpedia. Bloomberg ETF analyst Eric Balchunas noted that Bitwise's 8(a) filing indicates a clear intent to fast-track the ETF, with a likely launch by late November unless the SEC intervenes, as detailed in the Coinfomania coverage.

. Market speculation remains divided. While technical indicators show Dogecoin trading below its Ichimoku Cloud—a bearish signal—short-term buyers have defended key support levels around $0.16, as noted in the CryptoTimes report. Javon Marks, a crypto analyst on X, projected a potential +300% rally to $0.65 if the ETF drives sustained inflows, a scenario discussed in the same CryptoTimes piece. Conversely, some warn of volatility risks, with the RSI near neutral territory (46) and on-chain data showing a 20% drop in price over 30 days, according to a Yahoo Finance piece.

Institutional infrastructure is already in place. Coinbase Custody and BNY Mellon will manage digital and cash assets for the ETF, while Bitwise committed $2.5 million in seed capital to ensure liquidity at launch, as reported by Blockchain Magazine. Competitors like REX-Osprey have already introduced Dogecoin ETFs, with their DOJE product seeing mixed performance post-launch, according to Yahoo Finance.

As the 20-day countdown begins, the ETF's approval could mark a pivotal moment for Dogecoin, transitioning it from a meme-driven asset to a mainstream investment vehicle. Whether it sparks a rally or faces regulatory hurdles, the outcome will likely influence broader crypto market sentiment ahead of year-end.