- A 2x Dogecoin ETF is now one of the top-performing ETFs of 2026.
- ETF inflows helped drive last year’s crypto rally and may support DOGE again.
- Despite recent gains, Dogecoin is still deeply down from its 2025 highs.
Dogecoin is quietly finding its way back into the spotlight after Bloomberg senior ETF analyst Eric Balchunas noted that a 2x Dogecoin ETF is now among the best-performing ETFs of 2026. The product sits alongside a leveraged semiconductor ETF, which is notable given how different those markets usually behave. After a historic 2025 that included the launch of DOGE’s first spot ETF in the US, attention is turning toward whether rising ETF inflows could finally translate into a stronger price recovery for the memecoin.
ETF Momentum Is Reshaping DOGE’s Narrative
ETFs played a massive role in last year’s crypto cycle, pushing Bitcoin and Ethereum to new all-time highs as institutional demand surged. That momentum didn’t stop there. XRP, Solana, and Dogecoin all made their ETF debuts in 2025, broadening access for traditional investors. If ETF inflows continue building, DOGE could benefit from the same structural tailwinds that helped larger assets climb. On its current path, a move back toward the $0.20 level doesn’t look unrealistic, though it won’t happen overnight.
Dogecoin Price Shows Signs of Life
The broader crypto market appears to be recovering from its late-2025 slump, and Dogecoin is moving with it. CoinGecko data shows DOGE is up 0.4% over the last 24 hours, nearly 23% on the week, and more than 14% across the past two weeks. Monthly gains are more modest, but still positive. Even so, DOGE remains down roughly 61% since January 2025, which highlights just how much ground it still needs to recover.
Memecoin Revival Adds Fuel to the Rally
DOGE’s recent bounce isn’t happening in isolation. Other memecoins like Pepe, Bonk, and Shiba Inu are also posting strong weekly gains, suggesting a broader rotation back into high-beta assets. The strong performance of leveraged DOGE ETFs may be amplifying that momentum, drawing attention back to a token many had written off during the downturn. If memecoin sentiment holds and ETF demand stays firm, DOGE could continue grinding higher rather than fading quickly this time.
