- Dogecoin ETF momentum is building, with 21Shares joining Grayscale and Bitwise in filing paperwork—sparking renewed interest despite DOGE’s price still lagging.
- DOGE has dropped 20% over the past year, but some analysts still predict a potential rebound to $0.64 in 2025—though that hinges heavily on global market conditions stabilizing.
- The community remains hopeful, betting that an approved ETF could drive institutional interest and push Dogecoin back toward the $0.40 mark or higher.
The first quarter of the year? Let’s be honest—it’s been rough for crypto. Between economic headwinds, geopolitical noise, and the usual market jitters, digital assets haven’t exactly had a warm start. But even in the middle of all this turbulence, there might be a glimmer of light for Dogecoin. Yep, the race for the first-ever Dogecoin ETF is officially on, and that could be a game-changer.
Wait, Dogecoin? Seriously?
Dogecoin’s always been a bit of an enigma. Born from a meme, fueled by internet magic, and somehow still sticking around after all these years. Its actual utility? Still kinda fuzzy. But what it does have is a rabid community and enough mainstream name recognition to keep it relevant—especially now that an ETF is in the mix.
As DOGE wobbles just above the $0.15 mark, whispers of a possible return to $0.40 are making their rounds. And while that might sound overly ambitious in this market, some folks are saying it’s not totally off the table.
The ETF Race is On
Markets have been flailing—especially since Trump’s so-called Liberation Day tariff announcement. Stocks cratered (Dow dropped 1,600 points in one day), crypto followed, and sentiment… well, it’s been better. Even Bitcoin couldn’t keep itself over $80K.
But then—boom—ETF news drops. First it was Grayscale and Bitwise. Now 21Shares is also stepping into the Dogecoin ETF ring, filing paperwork to build out an investment vehicle based on the meme coin. That’s three big players gunning for the same crown.
Still, despite the excitement, DOGE hasn’t reacted much. In fact, it’s still down 4% in the last 24 hours. And when you zoom out? It’s lost over 20% in the past year. Oof.
So… What Now?
Some are still betting on a reversal. Crypto forecast platform CoinCodex threw out a bold one: DOGE to $0.64 before year’s end. That’s over a 320% jump from current levels. But that’s only if global markets stop spiraling and, well, a lot of things go right. So yeah—not a sure thing.
Even so, if a Dogecoin ETF does get greenlit, that could be just the thing to jolt it back to life. It won’t magically fix all its problems, but it might be enough to rally the community—and maybe even bring in some institutional money.
For now, DOGE fans will be watching and waiting. Again.
