Dogecoin News Today: "Dogecoin’s Metamorphosis: From Meme to Mainstream Financial Asset"

Profitable mining initiatives have shifted the narrative surrounding Dogecoin, transforming it from a speculative “joke coin” into a potentially lucrative income source. Recent developments in the U.S. and global markets suggest growing institutional and corporate interest in leveraging Dogecoin’s price movements through structured financial products and mining operations.

A significant step in this evolution is the impending launch of the Rex-Osprey DOGE ETF, tickered $DOJE. The fund, backed by REX Shares and Osprey Funds—firms previously involved in launching the Solana staking ETF—is expected to debut in the U.S. this week. This would mark the first U.S.-listed ETF directly tied to Dogecoin’s performance, offering institutional and retail investors a regulated and transparent exposure to the memecoin’s volatility. According to Nate Geraci, president of ETF Store, the product is likely to attract speculative flows, similar to the trend seen in spot Bitcoin and Ethereum ETFs following their 2024 approvals [1].

The DOGE ETF’s potential launch comes as Dogecoin itself is exhibiting renewed strength in the market. Over the past 24 hours, the token rose by 7%, trading at approximately 23 cents and gaining nearly 15% over the past week. This outperformance relative to larger cryptocurrencies like Bitcoin and Ethereum highlights the token’s growing appeal among retail and speculative investors. Geraci has noted that the next two months may see heightened volatility in the crypto ETF space, with DOGE at the forefront [1].

In parallel, corporate actors are also exploring Dogecoin’s profitability through mining. Thumzup Media Corporation, a firm linked to the Trump family, plans to acquire 3,500 Dogecoin mining rigs through pending shareholder approvals. The acquisition involves DogeHash Technologies and includes 2,500 initial units with an additional 1,000 on order. The combined entity, to be rebranded as Dogehash Technologies Holdings and listed under ticker XDOG, aims to capitalize on potential price appreciation of Dogecoin [2]. The company projects annual revenue of up to $103 million if Dogecoin reaches a price of $1, significantly higher than the current $0.214 level [2].

These projections are grounded in the company’s assessment of the broader crypto mining landscape. According to internal references, Dogecoin operations are nearly three times more profitable than Bitcoin mining, which has influenced Thumzup’s strategic shift toward alternative cryptocurrencies [2]. The company’s treasury currently holds 19.1 Bitcoin and supports a diverse cryptocurrency portfolio that includes Dogecoin, Litecoin, Solana, XRP, Ethereum, and USDC [2].

The convergence of institutional ETF launches and corporate mining initiatives signals a broader recognition of Dogecoin’s potential as a revenue-generating asset. While the token’s price remains below its 2021 peak of nearly $0.70, its current market capitalization of over $32 billion and daily trading volume of $1.3 billion indicate a strong base for further growth [2]. As these developments continue, the line between a cultural meme token and a legitimate financial asset appears to blur.

Source:

[1] Could a Dogecoin ETF Be Launched in the U.S. This Week? (https://www.coindesk.com/markets/2025/09/08/could-a-dogecoin-etf-be-launched-in-the-u-s-this-week)

[2] Thumzup Projects $103M Annual Revenue from Dogecoin (https://coinmarketcap.com/academy/article/thumzup-projects-dollar103m-annual-revenue-from-dogecoin-mining)