Dogecoin News Today: First Dogecoin ETF Nears Launch Amid Regulatory Race and Market Speculation

REX Shares may launch the first U.S. Dogecoin ETF next week using the faster 40 Act structure. According to Bloomberg ETF analyst Eric Balchunas, a Dogecoin ETF could debut in U.S. markets as soon as next week. REX Shares filed an effective prospectus with the U.S. Securities and Exchange Commission (SEC), signaling the potential launch of a Dogecoin ETF under the Investment Company Act of 1940, often referred to as the "40 Act" [1]. The same structure was previously used by REX to roll out a Solana staking ETF earlier in 2025 [1].

The 40 Act ETF structure allows for a quicker market entry compared to traditional crypto ETFs. Unlike spot crypto ETFs filed under Form S-1 and 19b-4, 40 Act ETFs bypass some regulatory hurdles and delays, offering an alternative route to market [1]. REX’s Dogecoin ETF will be the first U.S.-listed fund providing direct exposure to the meme coin, a project that started as a joke but has since gained significant cultural relevance [1]. The fund is expected to launch next week, following a regulatory process that has been streamlined under the 40 Act framework [1].

Dogecoin has demonstrated strong performance in recent months, with a 116.67% price increase over the past year according to CoinMarketCap [1]. However, the token has cooled from its December 2024 high of $0.4672, currently trading near $0.2129 [1]. REX is not the only entity pursuing Dogecoin exposure; other firms like 21Shares, Bitwise, and Grayscale have also submitted proposals for Dogecoin ETFs, but they remain under review by the SEC [1]. The SEC is currently evaluating 92 crypto ETF applications, according to Bloomberg Intelligence analyst James Seyffart [1].

Dogecoin’s cultural appeal and price rebound continue to fuel institutional interest and ETF filings. The cryptocurrency's long-time supporter, Elon Musk, has further contributed to its popularity. More recently, Musk’s lawyer Alex Spiro was reported to be heading a $200 million public company focused on Dogecoin investments [1]. This institutional and cultural traction has spurred significant activity in the ETF space. REX has also filed for an ETF linked to the TRUMP token, aiming to offer exposure by holding shares in an offshore entity that owns the asset [1].

Analysts are divided on the future trajectory of Dogecoin. Some predict a decline, while others forecast a potential rise. For example, DOGE advanced 4% over a 24-hour period, with trading volumes significantly exceeding the average [2]. Key support and resistance levels are identified at $0.214 and $0.223, with institutional activity influencing price movements [2]. Prediction markets like Polymarket show ETF approval odds rising from 51% to 71%, indicating institutional positioning [2]. Analysts are split: some warn of a triangle breakdown toward $0.17 Fibonacci support, while others forecast potential upside toward $0.30–$0.30 based on historical pattern repeats [2].

On-chain metrics and whale activity suggest ongoing market activity and concentrated holder movements. The chain records about 135,000 transactions per day, and the average fee stands at $0.087, indicating steady activity. Active addresses are in the low hundreds of thousands. A large whale recently moved approximately 900 million DOGE to Binance, valued at about $200 million, creating sell pressure while other large holders accumulated through the month [3]. Analysts recommend monitoring transfers and active address trends for confirmation of market direction [3].

From a broader market perspective, Dogecoin currently ranks as the eighth most popular cryptocurrency in terms of market capitalization. It has a market cap of $32.32 billion and a circulating supply of 150.81 billion DOGE [4]. Despite a recent dip in both price and trading volume, Dogecoin’s market position remains robust. Over the past 30 days, it has traded between a high of $0.25572 and a low of $0.19856, with a 1-year high of $0.48439 and a low of $0.08892 [4].

In summary, Dogecoin is set for a pivotal period with REX Shares potentially launching the first U.S. ETF for the meme coin. The regulatory process under the 40 Act provides a faster route to market, bypassing some of the hurdles faced by traditional crypto ETFs. Dogecoin’s recent price performance, cultural relevance, and institutional interest underscore its potential for further growth. Analysts remain divided on its future trajectory, but on-chain activity and whale movements indicate ongoing accumulation and distribution. If REX’s ETF is approved, it could signal a new phase for Dogecoin’s institutional adoption and broader market acceptance.

Source: [1] First Dogecoin ETF May Debut in the US Next Week (https://finance.yahoo.com/news/first-dogecoin-etf-may-debut-042810821.html) [2] Dogecoin Price Analysis: Lower Highs Form as Volume ... (https://www.coindesk.com/markets/2025/09/04/dogecoin-price-analysis-lower-highs-form-as-volume-expands-on-declines) [3] Dogecoin Price Watch: Is DOGE Set to Rally Toward $0.30? (https://investinghaven.com/crypto-blockchain/coins/dogecoin-price-watch-is-doge-set-to-rally-toward-030or-stall-near-022/) [4] Cryptocurrency Rankings (https://cryptoslate.com/coins/)