Dogecoin to the Moon? Bitwise’s Spot ETF Filing Sparks Fresh DOGE Price Speculation

Wall Street's latest crypto craving? A slice of the meme coin pie. Bitwise just amended its S-1 filings for a spot Dogecoin ETF—and the market's already pricing in the hype.

When institutions come knocking

Forget 'buy the rumor, sell the news.' Traders are front-running the SEC's inevitable approval delay with leveraged long positions. Because nothing says 'sound investment strategy' like betting on a joke currency that outlived its own punchline.

The real question isn't whether DOGE will pump (it always does). It's whether the ETF custodians will store the coins in an actual doghouse wallet.

Dogecoin just took an important step toward getting its own spot ETF. Bitwise, one of the biggest crypto asset managers, has updated its filing for a spot Dogecoin ETF. This fresh amendment is a good sign because it shows that Bitwise is actively working with the SEC to move the process forward. 

SEC Likely to Allow In-Kind Swaps for Spot ETFs

The revised filing also includes in-kind creation and redemption, which means that brokers could swap ETF shares directly for Doge tokens. Analyst Eric Balchunas says that it’s now almost certain that the SEC will allow in-kind creation and redemption for all spot ETFs.

Bitwise has filed amended S-1s for their spot dogecoin ETF and their spot Aptos ETFs. Good signs as it indicates SEC engagement, and tracks with other spot approvals. pic.twitter.com/vWpkMwyhyT

21Shares and Grayscale are also in the race for a spot Dogecoin ETF. According to Bloomberg analysts Eric Balchunas and James Seyffart, the chances of approval for most spot crypto ETFs, including Dogecoin, are now at 90% or higher.

Dogecoin Stalls Near Support Despite ETF Buzz

Even with the ETF news, Dogecoin is down 1.8% in the last 24 hours, trading at $0.162. Technical indicators show mixed signals as most oscillators show neutral momentum, and moving averages strongly signal a sell. 

Dogecoin has seen a decline throughout June, dropping from around $0.23 at the start of the month to the current level NEAR $0.161. After a short-lived rally between June 10–13, where prices briefly spiked, it has resumed its downward trend.

Dogecoin has found support near $0.15, where buyers have stepped in several times. However, it faces strong resistance between $0.17 and $0.172, which has blocked further upward moves. Unless it breaks above this resistance with strong volume, the short-term trend looks weak to slightly bearish.

Experts Eye Dogecoin Breakout

Trader Tardigrade says that Dogecoin made big jumps in the last market cycle, from $0.0003 to $0.0026 to $0.009. In this cycle, he predicts a similar breakout, projecting that it could rise from $0.42 to $1.46 and eventually reach $4.

#Dogecoin jumped from $0.0003 to $0.0026 to $0.009 in the last cycle
In this cycle, $DOGE could see similar jumps, from $0.42 to $1.46 to $4$DOGE/M1 pic.twitter.com/k6kbCrqdVW

Analyst Javon Marks is even more bullish on DOGE and says that if it keeps following its past cycle pattern, where each rally grew bigger than the last, it could surge over 120x from current levels, potentially hitting $20 this cycle.