Dogecoin Surges 2.639% as First U.S. ETF Launches

Dogecoin's latest price was $0.2446, up 2.639% in the last 24 hours. Dogecoin developer Mishaboar recently issued a warning to the community, advising traders to exercise caution during a period of extreme volatility. He attributed the market swings to both global instability and the heightened attention Dogecoin has received from various companies, media outlets, and social platforms. Mishaboar compared crypto trading to educated gambling rather than long-term investing, emphasizing the importance of only using money that traders can afford to lose. He also encouraged traders to take profits along the way and use their earnings for practical purposes such as buying a house or paying for studies. Additionally, Mishaboar warned against the use of leverage and derivatives, stating that they could wipe out entire balances. His message underscored the risks associated with chasing quick gains in a market known for sudden moves.

Mishaboar also highlighted the growth of memecoins during past market upturns, noting that when altseason arrives, coins tied to internet culture could see strong gains. He mentioned that most of these tokens are being issued on Solana, where retail traders have shown rising interest. This observation aligns with the broader sentiment in the crypto community that memecoins, including Dogecoin, could perform well during the next cycle.

In a separate development, market voices shared different views on Dogecoin’s place in a crypto portfolio. Trader Mister Crypto suggested that Dogecoin should be part of every investor’s holdings, believing that memecoins would perform well during the next cycle. However, he expressed a preference for another memecoin over Dogecoin, though he did not name it. This sentiment reflects the divide between those who view Dogecoin as a stable investment and others who are more interested in newer coins. Dogecoin has long been one of the largest memecoins by market value and continues to draw both supporters and skeptics. Its strong community and history of wide use keep it in focus, but questions remain about whether it can compete with newer projects.

Much of the debate in the Dogecoin community centers on altseason, with traders expecting memecoins to gain when retail money enters the market. This belief fuels speculation that Dogecoin, along with other tokens, could reach new highs if the trend unfolds. Alongside the trading debate, the U.S. Securities and Exchange Commission extended its review of the proposed Bitwise Dogecoin ETF. The filing, first made by NYSE Arca in March, would allow the fund to trade under commodity-based trust rules. The SEC had faced a September deadline but pushed its decision back by 60 days. The extension gave officials more time to study the proposal and review public comments. Some responses raised concerns about liquidity, manipulation, and whether Dogecoin was fit for an exchange-traded product. Bitwise argued that Dogecoin’s liquidity and large community supported its case for approval. If granted, the fund would become the first U.S. ETF tied to a meme cryptocurrency. For now, traders watch both the market and regulators while weighing how Dogecoin might perform in the next cycle.

On September 11, 2025, REX Shares and Osprey Funds launched the first U.S. spot Dogecoin ETF, ticker DOJE, illustrating growing institutional interest in meme coins. This launch signifies institutional acknowledgment of Dogecoin's cultural significance, sparking investor excitement and an immediate rally, demonstrating potential for a meme coin market shift. The introduction of the Dogecoin ETF is a critical milestone for meme coins, signifying a bridge between traditional finance and the growing world of cryptocurrency. This launch not only reflects evolving investor sentiment but also potentially sets a precedent for other altcoins entering mainstream finance. REX Shares and Osprey Funds, known for innovative crypto ETFs, spearheaded this launch. Analysts acknowledge its distinctiveness, citing Dogecoin's non-utility as a component. This marks a pivotal moment for meme coin inclusion in traditional finance.

The ETF debut had immediate market repercussions, with trading volumes surging. This development underscores the growing bridge between institutional finance and cryptocurrency markets, particularly in the meme coin sector. The SEC's approval of the ETF under the Investment Company Act further impacts financial and regulatory landscapes. This endorsement potentially prompts broader acceptance of similar assets, highlighting a shift in institutional sentiment toward meme coins in regulated environments. Industry experts predict the ETF could influence future asset management strategies, impacting both investors and issuers. Institutional players are now considering similar ETFs for various altcoins, indicating a shift toward diversified crypto investment options. Historical trends from similar ETFs, such as the Bitcoin spot ETF, showed significant market inflows, suggesting potential outcomes for Dogecoin ETFs. Should this launch succeed, successive altcoin ETFs might emerge, amplifying meme coin market visibility and liquidity.

The launch of the first U.S. Dogecoin ETF marks a significant step in institutional acceptance of meme coins. This groundbreaking event could trigger substantial market movements, as it represents the initial institutional embrace of a crypto asset defined by community and speculation rather than inherent utility. The ETF, named DOJE, follows the successful templates of previous ETFs for Solana and BNB. Managed under the Investment Company Act of 1940, the fund utilizes derivatives and a Cayman Islands SPV to bypass lengthy SEC procedures. Market response has been strong, with increased trading volumes and open interest, signaling heightened investor anticipation of the upcoming launch. The DOJE ETF carries a higher expense ratio compared to Bitcoin ETFs, primarily offering brokerage exposure. Dogecoin’s market capitalization currently stands at approximately $15 billion, with potential growth expected from ETF-driven inflows. Historical precedents from Bitcoin ETFs suggest potential $10 billion inflows over six months, though DOGE lacks fundamental utility. Analysts remarked that this ETF will be a first, targeting an asset designed purely for community and speculation. Expected ripple effects may include rising interest and activities across other meme coins like SHIB and PEPE. Industry observers suggest possible increased liquidity and trading depth, which could extend across various meme and speculative tokens.

The planned Dogecoin ETF will be established according to the Investment Company Act of 1940, allowing it to circumvent some of the legal hurdles faced by spot crypto funds. This innovative approach accelerated the approval process and paved the way for a faster market debut. Market observers believe this is more than just another financial instrument; it marks the beginning of what one analyst calls the "era of meme coin ETFs." The markets already reflect the excitement. Dogecoin surged in anticipation of the debut, with trading volumes increasing by more than 120% in a single day. The introduction of the Dogecoin ETF has sparked expectations that it will attract new inflows from both retail and institutional investors. Technical experts suggest that Dogecoin is trading in the resistance zone of 0.25 to 0.26 USD, and a breakthrough could drive the price short-term to 0.35 or possibly 0.40 USD. A renowned trader on X highlighted the absurdity of the situation: "The Dogecoin ETF is not about utility, but about belief. This is the first ETF that puts culture over code." While the sentiment is undeniably positive, analysts warn that volatility will remain high as speculative euphoria clashes with regulatory oversight. The approval of the Dogecoin ETF comes at a time when other applications face difficulties. The SEC recently postponed a decision on the Bitwise Dogecoin ETF until November 12, indicating that not all meme coin products are treated equally. The contrast shows how different regulatory paths can lead to different timelines for comparable products. Industry analysts believe that certification under the 1940 Act could open the door to new approaches for future crypto ETFs. In an increasingly competitive industry, issuers can gain first-mover advantages by avoiding lengthy approval processes.

Beyond the immediate price movement, the greater relevance of the Dogecoin ETF lies in its cultural acceptance. Dogecoin, once ridiculed as online humor, is now supported by a regulated financial instrument accessible to mainstream investors. Institutions are beginning to recognize what retail investors have long appreciated: the resilience of Dogecoin and its ability to attract global attention. As Jefferson stated: "This launch shows that memes are markets. Dogecoin is now about finance, not just fun." If this dynamic continues, other meme tokens may soon pursue their own ETF ambitions, further spreading the trend. The creation of the first Dogecoin ETF is more than just a financial milestone. It represents the legitimacy of meme culture within the institutional financial world. Given the increasing price dynamics and positive investor sentiment, the transition of Dogecoin from an online joke to a Wall Street product is both historic and significant. Whether this leads to a long-term trend or increased volatility, one thing is certain: September 11 marks a new chapter in the ongoing story of cryptocurrency.