Dogecoin News Today: Dogecoin ETF Hopes Rise as Death Cross and Holder Exodus Warn of Downturn

The Spot Dogecoin ETF developed by Bitwise Asset Management is on the verge of launching in the U.S., following the firm's submission of an 8(a) form to the Securities and Exchange Commission (SEC). This procedural filing signals that the ETF, which will trade under the ticker "BWOW," could become effective within 20 days unless the SEC intervenes, according to a Live Bitcoin News article. The move builds on a regulatory framework established in September 2025, which streamlined the approval process for crypto ETFs by requiring the underlying asset to have a liquid futures market. Dogecoin (DOGE) meets this criterion, having maintained a regulated futures market for over six months.

The ETF's potential launch has sparked optimism among investors, particularly as DOGE trades near a historically supportive price level of $0.15. This zone has historically acted as a "buy the dip" area, with past rebounds reaching up to double the price. On-chain data also suggests accumulation activity, with key supply clusters at $0.177–$0.179 providing a short-term floor. However, technical indicators remain mixed. The cryptocurrency has lost 5.9% in the past week and nearly 27% this month, with long-term holders continuing to offload their stakes, according to a Yahoo Finance report. Glassnode data reveals a sharp reversal in holder behavior, shifting from an inflow of +8.2 million DOGE to an outflow of –22 million DOGE in a single day on October 31. This trend raises concerns about the sustainability of the current support level.

A critical technical development is the looming "death cross," where the 100-day exponential moving average (EMA) approaches a drop below the 200-day EMA. Unlike the earlier October crossover, this bearish signal reflects sustained weakness and could accelerate a breakdown below $0.17, exposing a gap to $0.14. Traders are now watching whether DOGE can defend its $0.1575–$0.1615 support range while ETF-related optimism builds, as noted in a Yahoo Finance article. A close above $0.1674 would signal short-term bullish momentum, targeting $0.172–$0.180—a zone coinciding with pre-breakdown supply levels.

The institutional interest triggered by Bitwise's filing highlights a broader shift in the crypto market. This follows the September 2025 launch of DOJE, the first U.S. memecoin ETF by Rex-Osprey. Bitwise's entry, however, signals growing competition and institutional validation, as the firm updated its ETF application in June 2025 to include "in-kind" redemptions—a feature favored by large investors, a development previously covered by Live Bitcoin News. Analysts note that the ETF's success could attract further inflows into the crypto space, especially in a regulatory environment increasingly accommodating to digital assets.