Dogecoin News Today: Whales Stir as Dogecoin Prepares to Go Institutional

The U.S. is on the verge of approving the first Dogecoin (DOGE) exchange-traded fund (ETF), with market participants expecting a potential launch as soon as next week. The Rex-Osprey DOGE ETF, listed under the ticker symbol DOJE, has sparked significant attention from investors and analysts alike. According to Nate Geraci, President of NovaDius Wealth Management, the product is likely to debut soon, marking a major milestone for Dogecoin, which has long been one of the most discussed cryptocurrencies in social media and retail investor circles.

Market data indicates that the likelihood of the ETF’s approval has surged to 94%, according to Polymarket, a prediction market platform. This rising probability has fueled bullish sentiment, with Dogecoin recently surging 7% in a 24-hour period and trading at $0.231 as of the latest available data. Daily trading volumes for the meme coin have also spiked by 123% to $2.6 billion, highlighting growing investor interest. Over the past week, the price of Dogecoin has climbed more than 10% following a rebound from a recent low of $0.205. Analysts have set price targets as high as $1.40 for Dogecoin, citing its strong position within a broadening wedge pattern on a multi-year chart.

The anticipated ETF launch comes amid broader optimism in the altcoin market. Alongside Dogecoin, tokens like XRP, Solana (SOL), and Hyperliquid (HYPE) have also shown strength as investors speculate on a potential 50 basis points Federal Reserve rate cut in mid-September. The possibility of monetary policy easing has raised expectations of increased liquidity, which could further support altcoin momentum. In addition, the U.S. Securities and Exchange Commission (SEC) is reportedly considering new listing standards that could streamline approvals for single-asset crypto ETFs, potentially paving the way for more products tied to alternative cryptocurrencies.

Structurally, the Rex-Osprey DOGE ETF will not hold Dogecoin directly but will gain exposure through derivatives such as swaps and futures. This approach is similar to the recently launched Solana staking ETF ($SSK), which has already been approved for trading. The product is backed by REX Shares and Osprey Funds and is being distributed by Foreside Fund Services LLC. According to the ETF’s prospectus, investors will be exposed to the risks associated with Dogecoin’s price volatility and the underlying derivatives, as the market for DOGE remains subject to rapid and unpredictable price swings.

A recent on-chain activity further suggests that market participants are preparing for the ETF’s debut. A long-dormant Dogecoin wallet was observed transferring over 10.3 million DOGE—worth approximately $2.25 million—via Binance, sparking speculation that whale activity is increasing ahead of the potential ETF approval. Technical indicators also show a mixed but slightly bullish outlook for Dogecoin, with the 50-day and 200-day simple moving averages (SMA) indicating moderate resistance and support levels, respectively. The 14-day relative strength index (RSI) at 47.82 suggests that the coin is in a neutral condition, neither overbought nor oversold.

As the market awaits the ETF’s official listing, Dogecoin’s price trajectory remains a focal point for both retail and institutional investors. The ETF is expected to bring increased liquidity and institutional participation into a traditionally speculative asset class. While past ETF launches for Bitcoin and Ethereum have demonstrated strong investor demand, the DOGE ETF could attract a new wave of retail capital, especially given the token’s unique cultural appeal and social media presence.

Source:

[1] Dogecoin Leads Altcoin Market Rally Amid DOGE ETF Optimism (https://coingape.com/dogecoin-leads-altcoin-market-rally-amid-doge-etf-optimism/)

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

[3] 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)

[4] Dogecoin (DOGE) Goes Institutional: REX Shares' ETF Likely to Launch Very Soon (https://cryptopotato.com/dogecoin-doge-goes-institutional-rex-shares-etf-likely-to-launch-very-soon/)