DOGE ETF Buzz and Musk’s Cryptic Tweet Fuel Bullish Momentum

Dogecoin (DOGE) is once again in the spotlight as bullish sentiment surges following Elon Musk's enigmatic tweet, "It is time," reminiscent of his 2021 pledge to send DOGE to the moon. This renewed enthusiasm comes amid speculation of a potential Bitwise Dogecoin ETF, with Bloomberg's Eric Balchunas suggesting a possible launch within 20 days of its November 6 filing. Despite a recent 12% drop to $0.156, the meme coin continues to attract institutional interest, signaling a shift in perception from a joke to a viable asset. Market volatility remains high, but the combination of Musk's influence and ETF prospects could propel DOGE to new heights.

Dogecoin Price Prediction: DOGE ETF Buzz and Musk Tweets Fuel Bullish Sentiment

Elon Musk's cryptic tweet—"It is time"—reignited bullish fervor around Dogecoin, echoing his 2021 pledge to launch a literal DOGE to the moon. The meme coin, once dismissed as a joke, now faces institutional validation as Bloomberg's Eric Balchunas hints at a potential Bitwise dogecoin ETF launch within 20 days of its November 6 filing.

Market dynamics remain volatile. DOGE plunged 12% this week to $0.156 amid broader crypto weakness, yet traders anticipate a rebound toward $0.18 if ETF approvals coincide with the end of the US government shutdown. Meanwhile, retail interest pivots to Maxi Doge (MAXI), a new contender leveraging Dogecoin's viral legacy with contemporary humor.

Bitwise Advances Toward Spot Dogecoin ETF Launch in November

Bitwise has amended its S-1 filing for a spot Dogecoin ETF, triggering a 20-day countdown that could see the product launch by November 26 if the SEC doesn't intervene. The ETF WOULD hold DOGE directly through Coinbase Custody, offering regulated exposure without requiring investors to manage private wallets.

The move signals growing institutional confidence in meme coins and reflects evolving regulatory attitudes. Analysts anticipate multiple Dogecoin ETF filings this year, suggesting a potential inflection point for cryptocurrency adoption in traditional finance.

Bloomberg ETF analyst Eric Balchunas noted Bitwise's strategy of "letting the clock run" under SEC rules. The process tests regulators' willingness to allow crypto investment products to proceed without explicit approval—a significant development for the asset class.

Dogecoin Price Outlook: Can DOGE Reclaim Momentum Toward $0.284?

Dogecoin (DOGE) shows tentative signs of recovery with a 1.72% daily gain, though weekly losses remain steep at 10.79%. Trading at $0.1652, the meme coin's $25.05 billion market capitalization reflects cautious Optimism among traders.

Bitwise's strategic 8(a) filing for a Spot Dogecoin ETF has injected fresh speculation into the market. The automated SEC approval process—requiring no regulatory action within 20 days—could fast-track institutional access to DOGE. Bloomberg's Eric Balchunas highlights this as a bellwether for crypto-linked investment products.

Technical resistance looms at $0.219, where selling pressure historically intensifies. The $1.91 billion 24-hour trading volume suggests sustained interest, but the path to $0.284 demands sustained bullish momentum.