DOGE to the Moon: Bitwise’s ETF Move Sparks 13% Surge and Institutional Hopes

In a significant development for cryptocurrency markets, Bitwise Asset Management has advanced its plans for a Dogecoin ETF, potentially paving the way for institutional adoption. The firm recently submitted a modified application to the SEC, removing previous delaying tactics that could have prolonged the approval process. This strategic move has ignited market optimism, with analysts now anticipating possible regulatory clearance within a 20-day window. The announcement triggered an immediate 13% price surge for DOGE, demonstrating strong investor appetite for regulated exposure to the meme-inspired cryptocurrency. This development marks a crucial step in Dogecoin's evolution from internet joke to potentially mainstream financial asset. The crypto community watches closely as this could set precedent for other altcoin ETFs. Market participants suggest approval could unlock significant institutional capital, with some analysts predicting this may be the catalyst for DOGE's next major price discovery phase. The timing is particularly noteworthy given growing institutional interest in crypto assets and the SEC's evolving stance on digital asset products.

Bitwise Advances Dogecoin ETF Plans, Potential Approval Within Weeks

Bitwise Asset Management has taken a decisive step toward launching the first major institutional Dogecoin ETF. The firm submitted a modified application to the SEC, withdrawing delaying tactics that could accelerate regulatory approval. Market participants now await potential SEC clearance within a 20-day window.

Dogecoin surged 13% following the announcement, demonstrating investor enthusiasm for regulated exposure to the meme-inspired cryptocurrency. While smaller firms like Rex Shares previously entered this space, Bitwise's reputation for operational rigor lends credibility to the nascent market for Doge investment vehicles.

The crypto community watches closely as institutional adoption milestones approach. A successful Bitwise launch would mark another inflection point for digital assets, following Bitcoin and ethereum ETF approvals earlier this year.

DOGE Price Targets $0.21 as Spot Dogecoin ETF Moves Closer to SEC Approval

Dogecoin's price surged nearly 10% in 24 hours amid growing Optimism around a potential spot ETF approval. The meme coin now trades at $0.1811 with $3.43 billion in daily volume, as technical indicators suggest bullish momentum could push prices toward $0.21.

Bitwise Asset Management's SEC filing triggers a 20-day countdown for automatic ETF approval unless regulators intervene. This institutional milestone coincides with DOGE's Bollinger Bands showing oversold conditions and a MACD crossover signaling recovery potential.

Market capitalization stands firm at $27.48 billion, reinforcing DOGE's position among top cryptocurrencies. The ETF prospect has reignited retail interest, though weekly performance remains 3.28% negative due to broader market volatility.

Bitwise Files for First U.S. Spot Dogecoin ETF, DOGE Price Surges

Bitwise Asset Management has taken a bold step toward mainstreaming meme coins with its filing for a spot dogecoin ETF. The SEC submission, now in a 20-day review window after Bitwise removed its delaying amendment, could launch by mid-November under the ticker BWOW on NYSE Arca. Coinbase Custody will serve as the asset custodian, marking a watershed moment for institutional acceptance of DOGE.

Dogecoin rallied 10% to $0.17 on the news, shaking off recent crypto market doldrums. Glassnode data reveals a critical resistance cluster at $0.20, where 11.12 billion DOGE changed hands. Technical indicators show building bullish momentum, with analysts eyeing $0.25 as the next target should DOGE breach the $0.20 ceiling.