Dogecoin ETF Applications Await SEC Decision as Crypto Giants Vie for Approval

As of August 2025, the U.S. Securities and Exchange Commission (SEC) is reviewing over 70 cryptocurrency-related ETF filings, including several high-profile applications for Dogecoin (DOGE) exchange-traded funds. Major industry players such as Bitwise, Grayscale, 21Shares, and Rex Shares have submitted proposals, with Bitwise's January 2025 filing notably advocating for a spot DOGE ETF backed by Coinbase Custody. Despite the growing interest and institutional push, no DOGE-based ETF has yet been approved, leaving the market in anticipation of a potential regulatory greenlight. This development underscores the increasing mainstream acceptance of meme-inspired cryptocurrencies and their evolving role in the broader financial ecosystem. The outcome of these applications could significantly influence DOGE's market trajectory and investor sentiment in the coming months.

Dogecoin ETF Applications Await SEC Decision as Crypto Giants Vie for Approval

Major players in the cryptocurrency space, including Bitwise, Grayscale, 21Shares, and Rex Shares, have submitted applications for Dogecoin exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission. The regulatory body is currently reviewing over 70 crypto-related ETF filings, with no DOGE-based products approved as of mid-2025.

Bitwise's January 2025 filing proposes a spot Doge ETF with Coinbase Custody managing digital assets and BNY Mellon handling cash components. The SEC has postponed its initial June decision deadline. Grayscale's March submission faces potential delays until November, while Rex Shares anticipates an October-December timeframe for regulatory action.

21Shares entered the race in April with a FORM S-1 registration, receiving SEC acknowledgment in May. The collective push for DOGE investment vehicles signals growing institutional interest in meme-inspired cryptocurrencies, despite regulatory hurdles.

Dogecoin Price Forecast: Will DOGE Hit $1 Before 2025 Ends?

Dogecoin's price has retreated from its late July peak of $0.28, now testing critical support NEAR $0.20. Despite short-term weakness, the memecoin retains a structurally bullish outlook, with chart patterns and analysts suggesting a potential rally to $1 before 2025 closes.

Macroeconomic headwinds—including new U.S. import tariffs and Federal Reserve caution—have triggered a risk-off shift, pressuring high-risk assets like DOGE. The token currently trades at $0.207, below both 50-day and 200-day EMAs.

Four-hour RSI rebounding above 50 hints at an emerging bullish reversal. Traders are monitoring this momentum shift closely, as Dogecoin's fate hinges on broader market sentiment and its ability to hold key support levels.

Dogecoin (DOGE) Price Prediction: $0.24 Breakout Looms as Open Interest Tops $3B

Dogecoin has surged 4% to $0.21, recovering from weekend lows near $0.19 as traders anticipate a potential rally toward $0.24. The memecoin's futures open interest climbed 2.63% to $3.01 billion despite an 8.9% drop in trading volume, signaling Leveraged traders are accumulating long positions.

Derivatives data reveals cautious optimism—funding rates remain subdued, suggesting traders await stronger confirmation before overcommitting. "DOGE has successfully retested the breakout. Next is expansion," noted crypto analyst Mikybull Crypto, highlighting the bullish technical setup.

Whale activity and sustained open interest growth now hinge on broader market sentiment. The absence of excessive leverage provides room for organic upside if the $0.21 support holds.

Dogecoin Tests Critical Fibonacci Support Amid Market Correction

Dogecoin's price action has entered a decisive phase as it retests the 0.618 Fibonacci retracement level at $0.23, a key threshold separating trend continuation from deeper correction. The meme cryptocurrency retreated 18% from its recent $0.28 swing high, erasing most of its late-May gains.

Market structure now hinges on the $0.23 resistance-turned-support level. A successful reclaim WOULD confirm bullish conviction and set the stage for another attempt at $0.28. Conversely, failure to hold this golden ratio support risks triggering liquidations down to the $0.15 demand zone.

TradingView charts show the Point of Control—the price with highest historical volume—sitting just below current levels, creating a layered support structure. The 4H DOGE/USDT chart reveals weakening momentum but not yet breakdown conditions.

Dogecoin Price Risks 30% Fall: Can Bulls Break the August Pattern?

Dogecoin faces a potential 30% decline if critical support levels fail, as historical trends suggest August has been a consistently bearish month for the meme coin. Over the past three years, DOGE has recorded losses of 18%, 10%, and 16.2% in August, with 2024 already showing a 1.6% drop. Market sentiment remains skewed toward bears, as indicated by the bull-bear power index.

The coin's recent 10% weekly decline contrasts with its 20% quarterly gains, leaving traders uncertain about its next move. Selling pressure is mounting, with spot netflows and technical indicators reinforcing the bearish outlook. The so-called 'August Curse' looms large, challenging bulls to reverse the trend.