First Dogecoin ETF ($DOJE) Expected to Launch Thursday in the US - Crypto News Flash

First Dogecoin ETF ($DOJE) Expected to Launch Thursday in the US

Bhushan AkolkarBy Bhushan AkolkarNo CommentsJohn Kiguru edited by John Kiguru
Dogecoin ETF Approval Can DOGE Price Hit $0.50 and Surge Toward $1 Next
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  • The Rex-Osprey Dogecoin ETF (DOJE) will debut on September 12, triggering major institutional capital inflow for the largest meme coin.
  • DOGE price is consolidating above $0.24, with analysts pointing to $0.242 as key resistance; a breakout could trigger a rally toward $1.

The Rex-Osprey Dogecoin ETF will go live this Thursday, as the first meme coin ETF in the crypto space. This could mean a turning point for the DOGE price, which has been struggling in recent weeks. DOGE is now eyeing a major breakout above $0.242, which could set the stage for a parabolic rally ahead.

Dogecoin ETF Launch Sets New Precedence In Market

Bloomberg ETF analyst Eric Balchunas said the U.S. is set to see its first meme coin exchange-traded fund this week. The Rex-Osprey DOJE ETF will launch this Thursday, September 12, under the Investment Company Act of 1940, similar to the recently listed $SSK.

Balchunas noted that while several ETFs filed under the Securities Act of 1933 are still awaiting SEC approval, $DOJE marks the first U.S. ETF intentionally holding an asset with no utility, signaling the start of the “meme coin ETF era.” However, Balchunas’ comments didn’t go well with the Dogecoin community, debating over the “no utility” aspect of the meme coin. Reponding to this, Balchunas wrote:

The Doge people (what do you call them, Doge-rs?) are objecting to my “no utility” comment. But the coin was literally started by two guys as a joke. So what’s the utility?

In another development on Tuesday, September 9, the U.S. Securities and Exchange Commission (SEC) has extended its review period for NYSE Arca’s proposal to list the Bitwise Dogecoin ETF. The application, first submitted in March, triggered the statutory review timeline.

The extension gives the regulator additional time to evaluate the proposal, with the next deadline on November 12. Moreover, the Polymarket data shows that the chances of Dogecoin ETF approval, by the end of 2025, currently stand at 94%.

Institutional Participation Could Lead to DOGE Price Rally

The arrival of the spot Dogecoin ETF in the market will open the gates for institutional inflows into the mem coin, driving the DOGE price higher. Technical indicators suggest Dogecoin (DOGE) is consolidating above the $0.24 level. Analysts note that a successful ETF launch drawing strong investor interest could provide momentum for further price gains

Popular crypto analyst Ali Martinez noted that $0.242 stands as important resistance for DOGE. Breaking past this could lead to a stronger rally all the way to $1.

Crypto research firm Telegaon has issued a bullish forecast for Dogecoin (DOGE), projecting the token could climb to $1.73 by 2026.

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Bhushan Akolkar

Bhushan Akolkar

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Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering. He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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