Dogecoin News Today: Regulators Fast-Track DOGE ETF, Sparking Meme Coin Metamorphosis

Dogecoin (DOGE) has surged to over $0.23 in recent trading, driven by mounting speculation around the upcoming launch of the first Dogecoin ETF. The Rex-Osprey DOGE ETF (DOJE), currently in regulatory review, is anticipated to be approved ahead of more than 95 competing applications. Analysts and traders have highlighted the unique structure of the DOJE, which operates under the 1940 Act as an open-end investment company. This streamlined approach bypasses the prolonged 19b-4 and S-1 processes typically required for traditional ETFs, potentially allowing for a faster market entry and listing on major exchanges such as NYSE Arca [1]. The SEC has declared the prospectus effective, with a tentative effective date set for Sept. 9, 2025 [2].

The price rally has sparked renewed interest in Dogecoin, with the altcoin gaining more than 8.6% over the past week and surging nearly 7% in the last 24 hours. Daily trading volumes have increased by approximately 123% to $2.6 billion, indicating robust investor participation and optimism [3]. Analysts have cited technical indicators such as the monthly stochastic RSI crossovers and TD Sequential sell signals as key factors influencing market sentiment. These signals suggest both potential continuation and short-term retracements, dependent on broader macroeconomic trends [1].

The broader altcoin market has also seen a lift, with coins like XRP, Solana, and Hyperliquid gaining momentum. This upswing coincides with rising expectations for a 50 basis points rate cut from the Federal Reserve, scheduled for Sept. 17. Market observers point to the VIX volatility index, which suggests growing uncertainty following the Fed decision. The spread between October and September VIX futures has reached a significant 2.2%, reflecting heightened expectations of market turbulence after the rate cut is fully priced in. Given Bitcoin’s strong correlation with overall market sentiment, any post-Fed volatility could spill into the cryptocurrency sector, potentially impacting Dogecoin and altcoins in the short term [4].

Traders and analysts remain cautious but optimistic about Dogecoin’s trajectory. Some have drawn parallels to historical bull cycles, with price projections reaching as high as $2.28 if favorable macroeconomic conditions persist [1]. Additionally, a 740% rally is being considered as a potential long-term target, based on the coin’s current positioning within a broadening wedge pattern on multi-year charts. While institutional capital is being cited as a potential catalyst, the success of the Rex-Osprey DOGE ETF could significantly alter the landscape for Dogecoin, transforming it from a speculative meme coin to a regulated investment product accessible to a broader audience [2].

The growing anticipation for DOGE ETF approval is further reflected in Polymarket data, which currently lists a 94% probability of regulatory greenlighting. This confidence underscores the market’s belief that the SEC is willing to expand the ETF landscape beyond Bitcoin and Ethereum. If approved, the DOGE ETF would allow for direct trading on major exchanges and inclusion in retirement accounts, potentially attracting a wider investor base and institutional participation [3]. As the next few weeks unfold, the cryptocurrency market will be closely watching both the ETF approval process and the Fed’s monetary policy decisions for signs of continued momentum or potential corrections.

Source:

[1] Dogecoin Surges 9% As Dogecoin ETF Launch Nears (https://finance.yahoo.com/news/dogecoin-surges-9-dogecoin-etf-131903413.html)

[2] Dogecoin ETF Could Win Approval Ahead of 95 Other ... (https://www.ccn.com/news/crypto/dogecoin-etf-win-approval-ahead-95-crypto-funds/)

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

[4] BTC, Stocks News: Calm Ahead of Fed Rate Cut, Storm Later (https://www.coindesk.com/markets/2025/09/08/market-storm-likely-after-september-fed-interest-rate-cut-vix-suggests)