Dogecoin News Today: Whales Stir as Dogecoin ETF Hurdles Regulatory Waters

A long-dormant Dogecoin (DOGE) wallet has recently moved approximately 10.3 million DOGE, valued at $2.25 million, sparking renewed speculation about a potential spot exchange-traded fund (ETF) for the token. This activity, according to on-chain data from Arkham cited by Finbold, has raised questions about whether whales are positioning themselves ahead of the launch of the REX-Osprey Dogecoin ETF, set to debut on September 9, 2025 [1]. The ETF, structured under the Investment Company Act of 1940, does not hold DOGE directly but instead gains exposure through derivatives such as swaps and futures [1]. This structure allows the product to bypass the more contentious and complex approval process required for spot ETFs.

The move aligns with broader regulatory developments in the crypto market. The U.S. Securities and Exchange Commission (SEC) is reportedly considering updated listing standards that could streamline approvals for single-asset crypto ETFs, potentially opening the door for similar products tied to tokens like Solana and XRP [1]. As of press time, DOGE was trading at $0.22, a 2.5% increase in the last 24 hours and 3.5% higher over the past week [1]. The token’s price remains above its 200-day simple moving average (SMA) of $0.198, suggesting sustained bullish momentum despite mixed short-term signals [1].

The impending ETF launch marks a significant milestone for Dogecoin, which has been trading at a discount to its peak but remains a major focus for both retail and institutional investors. The REX-Osprey ETF is the first of its kind to offer exposure to the meme coin, though it will be a 40-Act ETF rather than a traditional spot-based product [2]. This distinction is key, as 40-Act ETFs avoid the lengthy regulatory hurdles associated with spot ETFs by using alternative instruments such as futures and swaps [3]. REX previously used this structure for its Solana staking ETF, and analysts suggest it could pave the way for more altcoin ETFs in the near term [2].

The broader market for crypto ETFs is also gaining momentum, with over 92 applications under review by the SEC. Among these are filings from major players such as Grayscale, Bitwise, and 21Shares, all seeking approval for Dogecoin-linked products [3]. Analysts are optimistic that several of these will be approved, particularly for high-profile altcoins like Litecoin and XRP [3]. If these products gain traction, they could replicate the success seen with Bitcoin and Ethereum ETFs, which have drawn billions in institutional inflows since their approval [2].

From a technical standpoint, Dogecoin remains in a consolidating phase, with the 14-day RSI at 47.82 indicating neutral market conditions [1]. While this suggests the asset is not overbought or oversold, it also highlights that DOGE still has room to move in either direction. Investors are closely watching key support levels such as the $0.21 zone, which has historically acted as a catalyst for further bullish moves [5]. Should the price break above $0.24, it could open the door to higher targets, including $0.30, and potentially even $1 in the long term [5].

The market’s shifting dynamics reflect a broader rotation of capital into newer altcoins with perceived higher upside potential. While Dogecoin remains culturally relevant and continues to attract significant attention, projects like Remittix are emerging as compelling alternatives for investors seeking utility-driven returns [5]. This trend underscores the evolving nature of the crypto market, where speculation and community-driven momentum are increasingly being supplemented by real-world applications and tokenomic innovation.

Source:

[1] Dormant Dogecoin wallet wakes up with 10 million move ... (https://finbold.com/dormant-dogecoin-wallet-wakes-up-with-10-million-move-ahead-of-etf-launch/)

[2] First Dogecoin ETF set to launch — but it's a different breed ... (https://finance.yahoo.com/news/first-dogecoin-etf-set-launch-151036858.html)

[3] First Dogecoin ETF May Debut in the US Next Week (https://finance.yahoo.com/news/first-dogecoin-etf-may-debut-042810821.html)

[4] Solana and XRP Pull Back, Liquidity Flows Into A New ... (https://www.mexc.com/en-GB/news/solana-and-xrp-pull-back-liquidity-flows-into-a-new-meme-coin-titan-with-85x-growth-projections/85127)

[5] Dogecoin Price Prediction: Is DOGE Heading To $1 As ... (https://www.mitrade.com/au/insights/news/live-news/article-3-1102413-20250908)