Dogecoin Surges 5.835% as ETF Approval Looms, Institutional Buying Intensifies

Dogecoin's latest price was $0.2420, up 5.835% in the last 24 hours. The cryptocurrency has been making headlines recently due to several significant developments. CleanCore Solutions, a company listed on the New York Stock Exchange, announced that it has acquired 285,420,000 Dogecoins, establishing the largest Dogecoin Digital Asset Treasury (DAT) in less than a week. The company stated that this treasury was created to anticipate the utility enhancement and adoption growth driven by the newly formed business unit House of Doge of the Dogecoin Foundation. CleanCore also plans to accumulate up to 1 billion DOGE in the next 30 days. Last week, House of Doge announced a partnership with CleanCore to jointly establish the "Official Dogecoin Treasury" and plans to support token acquisitions through a $175 million PIPE financing.

Speculation surrounding a potential Rex-Osprey Dogecoin ETF has intensified, with prediction market Polymarket indicating a 94% chance of approval this week. Experts suggest that such an approval could mark a turning point for Dogecoin, potentially placing it alongside Bitcoin and Ethereum in the regulated ETF landscape. Nate Geraci, President of NovaDius Wealth Management, noted on X that the “first Dogecoin ETF appears likely to launch this week,” fueling excitement across the crypto community.

Technical analysts remain optimistic about Dogecoin, with the cryptocurrency currently trading within a long-term logarithmic uptrend. Chart patterns highlight a broadening wedge, historically linked to explosive rallies. Analysts now point to $1.40 as the next major resistance level, with some forecasts suggesting a move toward $1.50 if ETF-driven momentum holds. Open interest in DOGE futures has surged, while options activity has more than tripled. The skew toward bullish positions shows traders’ confidence, though analysts caution that a rejection at resistance could trigger sharp pullbacks.

Despite near-term volatility risks, long-term projections for Dogecoin remain bullish. Crypto strategist Javon Marks even suggested DOGE could see an 860% upside, targeting as high as $2.28 in the next major cycle. Dogecoin’s surge is lifting the broader market, with XRP, Solana (SOL), and Hyperliquid (HYPE) also recording gains. Optimism is being boosted not only by ETF speculation but also by expectations of a 50 basis point Fed rate cut at the upcoming September 17 meeting. A dovish policy shift could inject fresh liquidity into risk assets, further supporting altcoin momentum.

The Dogecoin ETF, if approved, would represent the first U.S.-listed investment product tied to a meme coin. Such a milestone could expand institutional access, reinforce DOGE’s market leadership, and provide a foundation for its next price breakout. For now, all eyes remain on regulators. With sentiment strong and technicals flashing bullish signals, the market is watching closely to see if Dogecoin can extend its rally toward the much-anticipated $1.50 milestone.

Dogecoin may be on the edge of a new milestone as the first exchange-traded fund tied to the cryptocurrency could be approved in the United States next week. Traders and analysts are closely watching the development, while technical indicators and community sentiment suggest the potential for strong price movement. ETF issuer REX Shares has filed a prospectus with the US Securities and Exchange Commission for the proposed Dogecoin ETF. The company has chosen to use the 40 Act regulatory pathway, which differs from the traditional approval process for crypto-based funds. This approach was also used by REX to launch its Solana staking ETF earlier this year.

Dogecoin has delivered strong gains over the past year, rising more than 116% according to data from CoinMarketCap. Despite this growth, the coin is trading about 54% below its peak of $0.4672 reached in December 2024. At the time of writing, Dogecoin is valued near $0.2129, reflecting both its volatility and continued investor interest. Traders are monitoring technical charts for possible bullish momentum. Trader Tardigrade, a market analyst, highlighted that Dogecoin is breaking out of a triangle pattern on the four-hour chart. This type of setup often points to potential upward movement if the breakout is confirmed by trading volume.

Crypto Jobs, a market analyst active on social media, suggested that Dogecoin is in a medium-term accumulation phase. He stated that technical conditions are bullish and projected a move of at least 15% in the near term. He also pointed to a long-term support zone between $0.20500 and $0.20700, which may act as a base for further gains. Dogecoin continues to hold a strong place in popular culture and in the broader crypto market. Billionaire Elon Musk has long been linked to the token, calling himself the Dogefather and referencing the coin in public appearances. His influence has often boosted attention toward Dogecoin during key periods in its history.

Furthermore, Musk’s attorney Alex Spiro is reported to be chairing a new company aimed at raising $200 million to invest in Dogecoin. This development reflects a wider movement of institutional capital into digital assets, which could strengthen the case for new crypto-based ETFs. The proposed Dogecoin ETF would join a list of crypto investment products now being tested in the US market. If approved, it could provide a regulated pathway for investors to gain exposure to Dogecoin without directly holding the token. This comes at a time when investor sentiment and technical signals are aligning for a possible rally in the asset.

Significant anticipation has built around the imminent launch of the first U.S. spot exchange-traded fund (ETF) specifically tracking Dogecoin. Market participants widely expect regulatory approval for this novel investment vehicle this week, marking a significant milestone in institutional acceptance for the digital asset. This development is generating substantial interest and activity within the cryptocurrency sector.

The prospect of a Dogecoin ETF coincides with broader institutional movements related to the token. CleanCore Solutions, a corporate entity, announced a substantial acquisition, obtaining 285,420 DOGE tokens. The company publicly stated its objective to aggressively expand its Dogecoin holdings, outlining plans to accumulate a total of 1 billion tokens within the next 30 days. This corporate buying initiative represents tangible large-scale adoption.

Alongside institutional actions, there are indications of renewed interest from retail participants in early September. On-chain metrics suggest a modest increase in supply held by shorter-term holders after a prior decline. This pattern is interpreted by analysts as signaling potential new capital inflows into the Dogecoin ecosystem at the retail level, though the trend remains nascent.

Dogecoin's activity also forms part of a wider resurgence within the altcoin market segment during early September. While technical patterns and macroeconomic factors contribute to this broader altcoin movement, the specific prospect of a Dogecoin ETF and institutional corporate acquisitions provide unique catalysts driving attention and optimism specifically around Dogecoin within this environment. The successful launch of the ETF is seen as a potential major validator for the asset class.