Dogecoin News Today: DOGE ETF Nears Approval as Price Plummets: Can Institutional Adoption Reverse the Slide?

The race to bring a spot Dogecoin (DOGE) exchange-traded fund (ETF) to U.S. markets has entered its final stretch, with Bitwise Asset Management filing an 8(a) form for its proposed DOGE ETF on November 7, 2025. The move triggers a 20-day countdown to potential automatic approval by the SEC, absent regulatory intervention, according to Bloomberg Senior ETF Analyst Eric Balchunas, in a CryptoTimes report. If approved, the ETF — trading under the ticker "BWOW" — could mark a pivotal moment for meme coins, offering institutional and retail investors a regulated pathway to exposure, as noted in a Live Bitcoin News report.

Despite this progress, Dogecoin's price remains under pressure, trading near $0.165 as of November 7, well below key resistance levels. Analysts warn of a prolonged bearish phase, with the coin potentially dropping below $0.10 by 2025 due to a breakdown in critical support and trapped sell supply, according to a U.Today analysis. The price action has drawn comparisons to Bitcoin's struggles, as BTC hovers near $104,000, teetering on the edge of a psychological threshold. U.Today also highlights liquidation clusters below $103,000 that suggest heightened downside risk, with further declines potentially accelerating if support fails.

Bitwise's filing follows a broader industry shift toward crypto ETFs, with competitors like Grayscale and Osprey Funds also pursuing DOGE ETFs. The firm's Chief Investment Officer, Matt Hougan, has long argued that DOGE's liquidity and market capitalization justify institutional adoption, a stance reinforced by recent regulatory developments. The SEC's September 18 approval of generic listing standards for crypto ETFs—requiring assets to have a regulated futures market for six months—has streamlined the process, enabling faster approvals for compliant products, as Live Bitcoin News reported.

Meanwhile, Ripple Labs' recent $1 billion share buyback at a $40 billion valuation has seen minimal participation, reflecting investor confidence in the company's post-SEC victory trajectory. This contrasts with Dogecoin's plight, where analysts like Ali Martinez highlight a "time bomb" setup as the asset trades within a descending channel, with $0.16 seen as an immediate support level, according to U.Today.

The DOGE ETF race also underscores growing institutional interest in meme coins. Rex Shares and Osprey Funds launched the first U.S. memecoin ETF, DOJE, in September 2025, setting a precedent for Bitwise's entry, Live Bitcoin News noted. With BlackRock and JPMorgan increasingly bullish on crypto, and the SEC under a more crypto-friendly leadership, the regulatory environment appears to favor broader adoption, according to a Coinpedia update.

However, Dogecoin's price trajectory remains precarious. On-chain data shows active accumulation near $0.15, but a break below $0.16 could reignite bearish momentum, pushing the coin toward $0.12–$0.14 by year-end, the CryptoTimes report observed. Conversely, a rebound above $0.17 may signal a short-term recovery, though the Ichimoku Cloud—a key technical indicator—still indicates a downtrend, the CryptoTimes analysis added.

As the countdown to Bitwise's potential ETF launch ticks down, market participants remain split. While institutional access could stabilize DOGE's volatility, the coin's fundamental challenges—rooted in its speculative nature and lack of utility—persist. For now, the focus remains on whether the ETF's approval will catalyze a rally or merely serve as a floor for further declines.

---