DOGE’s Path to New Heights: SEC Delay Sparks Optimism for Dogecoin ETF and Price Surge

The U.S. SEC has postponed its decision on the Bitwise Dogecoin ETF to June 15, 2025, fueling speculation of a potential approval wave for spot crypto ETFs by Q3. With Dogecoin showing signs of upward momentum, traders are eyeing a retest of its all-time high, as the SEC’s cautious approach aligns with broader market anticipation.

U.S. SEC Delays Decision on Bitwise Dogecoin ETF Until June 15

The U.S. Securities and Exchange Commission has postponed its ruling on the proposed Bitwise Dogecoin ETF, setting a new deadline of June 15, 2025. The delay comes as Wall Street analysts anticipate a wave of spot crypto ETF approvals by the end of Q3.

Dogecoin’s price action suggests potential upward momentum, with traders eyeing a retest of its all-time high. The SEC’s move aligns with its cautious approach to crypto-related financial products, despite growing market demand.

Nasdaq Seeks SEC Approval for 21Shares’ Spot Dogecoin ETF Listing

Nasdaq has filed a 19b-4 application with the U.S. Securities and Exchange Commission to list a spot Dogecoin ETF proposed by 21Shares. The filing initiates a regulatory review process that will culminate in a binding decision deadline once published in the Federal Register.

The passively managed ETF would create and redeem shares in 10,000-unit blocks through cash transactions exclusively, with no use of leverage or derivatives. Nasdaq’s surveillance protocols would govern trading activity, with the exchange arguing its participation in intermarket monitoring systems provides sufficient safeguards.

Dogecoin Price Prediction: Short-Term Risk Amid Bullish Momentum

Dogecoin’s price surged 6.24% over the past week, briefly reclaiming the $0.18 level before showing signs of technical exhaustion. The memecoin now faces a potential short-term pullback after hitting the upper Bollinger Band—a classic reversal signal.

Whale activity continues unabated despite volatility, suggesting institutional players are accumulating during dips. Market sentiment remains bullish, with traders interpreting the retracement as healthy consolidation rather than trend reversal.