Dogecoin News Today: "DOGE's ETF Gambit: Can Meme Coin Outpace Real-World Crypto Utility?"

The potential launch of the first Dogecoin (DOGE) exchange-traded fund (ETF) in the United States is generating significant buzz in the cryptocurrency market. According to Bloomberg analyst Eric Balchunas, the first DOGE ETF could begin trading as early as next week. REX Shares, the ETF issuer, is following the same regulatory pathway it used to launch its Solana staking ETF—leveraging the 40 Act, which differs from the traditional S-1 and 19b-4 route typically used by other ETF providers [1]. The 40 Act allows for the creation of funds without requiring the same level of pre-approval from the SEC, and ETF Store president Nate Geraci has previously described this as a “regulatory end-around.” This alternative approach is seen as a faster route for approval, which may explain why REX Shares has already filed an effective prospectus for its DOGE ETF [1].

Dogecoin has historically been a volatile asset, and its price performance reflects this. Over the past year, DOGE surged by 116.67%, but has since fallen 54% from its peak in December 2024, trading at $0.2129 at the time of reporting [1]. Despite the recent pullback, optimism is growing that the ETF could drive a new rally. Analysts predict a potential jump to $1.40, citing strong 123% growth in daily trading volumes to $2.6 billion as evidence of mounting bullish sentiment [2]. In the broader market, DOGE’s gains have been accompanied by strength in other altcoins such as XRP, Solana (SOL), and Hyperliquid (HYPE), particularly amid growing expectations for a 50 basis points rate cut by the Federal Reserve during the September 17 FOMC meeting [2]. Polymarket data further reinforces this optimism, showing a 94% probability of DOGE ETF approval [2].

The potential approval of a DOGE ETF is not only a milestone for the token itself but also for the broader adoption of meme-based cryptocurrencies. Unlike traditional assets, DOGE’s market appeal is largely driven by social media influence and community sentiment. Billionaire Elon Musk, often referred to as the “Dogefather,” has been a vocal advocate for the coin, contributing to its visibility and media presence over the years [1]. More recently, Musk’s attorney Alex Spiro has reportedly led a public company aiming to raise $200 million to invest in Dogecoin, adding to the token’s allure [1]. However, while the cultural relevance of DOGE remains strong, investors are beginning to look beyond hype-driven assets. The broader cryptocurrency market is shifting toward utility-based projects that offer real-world applications and sustainable growth [4].

One such project gaining traction is Remittix (RTX), a cross-chain payments platform that facilitates instant crypto-to-bank transfers in over 30 countries. Remittix has raised more than $24.2 million in its presale and is preparing for the launch of its beta wallet in Q3 2025 [4]. The project is distinct from Dogecoin in that it is built around real-world utility, targeting inefficiencies in traditional remittance systems. With fees as low as 0.1%, Remittix aims to disrupt the $19 trillion payments industry, offering a scalable, low-cost solution for businesses, freelancers, and individuals [5]. Institutional-grade security, supported by audits from CertiK, adds further credibility to the project [5]. Analysts have highlighted RTX’s deflationary model, exchange listings on BitMart and LBank, and growing user adoption as key drivers of potential value appreciation [4].

As the crypto market continues to evolve, the contrast between DOGE and RTX highlights a broader trend: investors are increasingly prioritizing projects with tangible use cases and real-world adoption over speculative tokens. While DOGE remains a cultural icon in the crypto space, its price projections suggest limited upside compared to utility-based projects like Remittix, which could see returns of 30x–40x according to some analysts [5]. The growing interest in RTX is further amplified by its $250,000 giveaway campaign, which has already attracted over 320,000 participants [5]. With its presale closing soon and a mobile-first wallet set for launch, early adopters are being urged to secure their positions before liquidity becomes available on major exchanges [5].

Source: [1] Dogecoin may see first-ever ETF launch next week: Analyst (https://cointelegraph.com/news/dogecoin-etf-united-states-launch-next-week-analyst) [2] Dogecoin Leads Altcoin Market Rally Amid DOGE ETF ... (https://coingape.com/dogecoin-leads-altcoin-market-rally-amid-doge-etf-optimism/) [4] Dogecoin Price Prediction As Remittix Is Pulling In Capital ... (https://www.mitrade.com/insights/news/live-news/article-3-1101879-20250907) [5] Dogecoin Struggles For Momentum As Remittix Gains ... (https://crypto-economy.com/dogecoin-struggles-for-momentum-as-remittix-gains-hype-with-a-3000-surge-expected/)