Dogecoin News Today: Grayscale DOGE ETF Launch Could Spark Institutional Adoption Surge in November

The cryptocurrency market is abuzz with anticipation as Grayscale Investments prepares to launch its Dogecoin (DOGE) ETF on November 24, a move that could catalyze broader institutional adoption of the meme coin. The ETF, which will trade under the ticker GDOG, follows a traditional SEC approval route, contrasting with REX-Osprey's synthetic exposure approach via futures in its DOJE ETF, launched in September . Bloomberg analyst Eric Balchunas has signaled confidence in the November 24 timeline, citing SEC guidance and regulatory progress .

Meanwhile, DOGE's price action remains a mixed bag. The coin hovers near $0.155, defending the $0.150 support level amid a broader downtrend. Technical indicators suggest sellers maintain control, with the asset trading below all major exponential moving averages (EMAs) and facing resistance at $0.171 . Coinglass data reveals $2.31 million in net inflows on November 18, breaking a week-long outflow streak, but the broader trend still leans toward distribution rather than accumulation . A daily close below $0.150 could expose deeper support at $0.145, while a breakout above $0.171 might signal a short-term recovery .

While DOGE's institutional momentum builds, BlockDAG (BDAG) has emerged as a standout performer. The project's presale has surpassed $436 million, outpacing both Cardano (ADA) and Bitcoin Cash (BCH) in fundraising. BlockDAG's hybrid Proof-of-Work and Directed Acyclic Graph (DAG) architecture, coupled with audits from CertiK and Halborn, has attracted 312,000 holders and a robust mining network of 3.5 million app miners and 20,000 hardware units . Analysts highlight BlockDAG's transparent dashboard and secure infrastructure as key differentiators in a crowded market .

Cardano and BCH, meanwhile, show signs of institutional interest. ADA's futures market has seen rising liquidity, with open interest climbing to $2.21 million on Coinbase, while BCH surged over 10% to $550, driven by increased active addresses and whale accumulation . However, Ethereum (ETH) faces headwinds as treasury firm FG Nexus offloaded nearly 11,000 ETH to fund a $33 million share buyback, pushing ETH toward critical support at $2,850. The move has intensified pressure on the network, with Ethereum liquidations reaching $170 million in 24 hours .

The interplay between ETF launches and market fundamentals underscores a shifting landscape. Grayscale's DOGE ETF, alongside REX-Osprey's synthetic product, may attract a new wave of investors, though DOGE's price remains tethered to broader crypto sentiment. BlockDAG's presale success and Ethereum's treasury dynamics highlight the sector's volatility, with investors weighing institutional adoption against technical headwinds.

As the November 24 launch date approaches, market participants will closely watch whether DOGE's ETF can break through the $0.171 resistance level and whether BlockDAG's momentum translates into sustained price action. For Ethereum, the coming weeks may determine whether it stabilizes or faces further downward pressure amid ongoing treasury sales.

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