- DOGE surged 20% this week, gaining 154% since Sept 2024.
- Bloomberg analyst says a Dogecoin ETF (DOJE) could launch next week.
- Rate cut expectations and bullish sentiment add fuel to the rally.
Dogecoin (DOGE) is back in the spotlight after surging more than 20% in the past week, with CoinGecko data showing gains of 3.8% in 24 hours and over 154% since September 2024. The rally comes as rumors swirl about a possible ETF launch—something that has electrified the memecoin’s community and drawn in speculators betting on institutional demand.
Is the Dogecoin ETF Really Coming?
Bloomberg analyst Eric Balchunas hinted that REX-Osprey’s Dogecoin ETF, ticker DOJE, could debut as early as next week—likely Thursday. If approved, it would mark the first U.S. ETF tied to a memecoin, potentially opening the door to massive inflows similar to what Bitcoin and Ethereum ETFs have seen this year. That said, the SEC has already delayed a separate Bitwise DOGE ETF until November, leaving some uncertainty around whether DOJE will truly launch in the near term.
More Than Just ETF Rumors Driving the Rally
DOGE’s momentum isn’t only tied to ETF speculation. Investors are also betting on macro tailwinds, with expectations rising for a Federal Reserve rate cut of 25 basis points later this month. Lower rates tend to drive risk-on appetite, which often spills into memecoins. According to CoinCodex, Dogecoin could rally another 28% to $0.334 by October 7 before facing a correction—though continued bullish sentiment might extend the rally further.
What’s Next for DOGE?
Whether the ETF launches or not, Dogecoin has regained traction as one of 2025’s standout performers. A confirmed ETF could cement institutional demand and trigger a sharp breakout, but delays may spark short-term volatility. With macro conditions supportive and memecoins drawing renewed attention, DOGE’s trajectory will likely hinge on how quickly the ETF decision unfolds.
