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The U.S. Securities and Exchange Commission (SEC) has delayed its decision on a batch of spot crypto ETF applications, including those for
, pushing back final approval dates to October 2025. Among the affected is Grayscale’s proposed Dogecoin ETF, which traders had been anticipating as a potential catalyst for institutional adoption [1]. The move has created uncertainty in the market, with investors left waiting for regulatory clarity that has historically signaled broader acceptance of crypto assets into mainstream finance [2].Dogecoin (DOGE), which has long been considered a meme coin, is now being evaluated alongside
and for inclusion in institutional-grade investment vehicles. The price currently hovers near $0.22, struggling to maintain momentum above key resistance levels [1]. Technical indicators suggest a bearish bias, with the price slipping below the 20-day moving average and Heikin Ashi candles showing a series of red prints after a failed attempt to sustain above $0.25 [1].The delay has triggered short-term selling pressure as traders who had positioned for an ETF approval now unwind bullish bets. Immediate support is seen at $0.216, with a break below this level potentially leading to a retest of $0.19 [1]. A sustained move above $0.25, however, could reignite optimism and open the door to a rally toward $0.30 [1]. Analysts remain cautious, noting that the price could either stabilize or face further downward pressure if the approval process continues to stall [3].
The broader crypto market has seen mixed performance amid the uncertainty. While Bitcoin and Ethereum have drawn substantial inflows, altcoins remain in a regulatory limbo as investors shift toward more established assets [4]. Dogecoin, despite recent weakness, still holds a notable position within the meme coin space and remains a focal point for traders expecting a rebound.
If the SEC approves the Dogecoin ETF in October, it could signal a shift in the agency’s approach to altcoin regulation and mark a significant milestone for the asset’s institutional adoption. Conversely, further delays or rejections may heighten volatility and continue to weigh on sentiment [1]. The outcome of this decision will likely have a ripple effect across the crypto market, influencing not only Dogecoin but also the broader perception of altcoins in institutional investing [2].
[1] https://99bitcoins.com/news/altcoins/deja-vu-sec-kicks-solana-xrp-truth-social-crypto-etfs-into-long-grass/
[3] https://uk.finance.yahoo.com/news/dogecoin-holds-above-20-cents-150254168.html
[4] https://www.benzinga.com/crypto/cryptocurrency/25/08/47195513/bitcoin-ethereum-xrp-dogecoin-continue-slide-lower

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