Bitwise Paves the Way for a Game-Changing DOGE ETF in 2025

Wall Street meets memecoin mania as Bitwise files for the first-ever Dogecoin ETF.

Why it matters: The 'joke' cryptocurrency that outlived its skeptics could soon trade alongside blue-chip stocks—proving once again that finance will commodify literally anything with a pulse.

Behind the move: Institutional demand for crypto exposure keeps climbing, even for assets born from internet absurdity. Bitwise’s filing signals DOGE has officially shed its 'meme' status to become a legitimized—if still volatile—asset class.

Zoom out: If approved, this ETF would let investors bet on Elon Musk’s favorite coin without the hassle of crypto exchanges. Just don’t expect the SEC to greenlight it without a fight—they still think DOGE is a joke (and they might be right).

Dogecoin Price Rallies as Optimism Builds

The Dogecoin price surged roughly 10%, reaching above $0.17, shortly after news of the Bitwise filing broke. The rise signaled improving investor sentiment following a difficult week for cryptocurrencies. Market data from Glassnode shows strong accumulation near the $0.20 level—around 11.12 billion DOGE were purchased at that price point. This cluster now acts as a key resistance area. Analysts suggest that a decisive breakout above $0.20 could open the door to $0.22 or even $0.25. Technical indicators such as the MACD and RSI point to growing bullish momentum, though traders warn of potential short-term pullbacks if the $0.18 support fails. Overall, the launch of a Bitwise ETF could provide a solid fundamental driver for future gains, reinforcing confidence among retail and institutional investors alike.

Dogecoin ETFs Fuel New Wave of Competition

Bitwise’s dogecoin ETF will not be alone in the market. It follows the debut of the REX-Osprey Dogecoin ETF, which launched in September and has already generated about $17 million in trading volume. With Bitwise entering the race, competition among issuers is intensifying. Both crypto-native firms and traditional asset managers are eager to expand their ETF offerings beyond Bitcoin and Ethereum. Bloomberg data shows that more than 90 applications for altcoin-based funds are now pending with the SEC. The regulator’s recent relaxation of listing standards for commodity-based trusts has further accelerated this trend. Analysts like Ric Edelman, founder of the Digital Assets Council of Financial Advisors, argue that this evolution reflects investors’ growing appetite for diversified digital asset exposure. He expects altcoin ETFs to accumulate assets proportionally to their share of the overall crypto market.

Mixed Technicals but Strong Long-Term Outlook

While Optimism surrounds Bitwise’s DOGE ETF, technical signals for Dogecoin remain divided. At around $0.179, the token currently trades below key moving averages (20-, 50-, and 200-day), suggesting ongoing downward pressure. Indicators such as MACD and ADX still lean bearish, even as Stoch RSI and CCI show signs of short-term strength. Analysts caution that unless Dogecoin closes consistently above $0.185, its short-term rally may lose steam. However, experts like Viktoras Karapetjanc from Traders Union see the bigger picture differently. He notes that industrial-scale mining activity, continued institutional filings, and steady market capitalization above $24 billion indicate deepening market maturity. “The near-term trend looks fragile,” he says, “but DOGE’s long-term prospects improve as institutional participation grows.”

SEC Decision Could Redefine the Future of Meme Coins

All eyes now turn to the SEC, which must decide by November 12 whether to object to Bitwise’s filing. If approved, the Bitwise Dogecoin ETF will represent a significant milestone—not just for DOGE but for the broader acceptance of digital assets once viewed as speculative jokes. A green light could pave the way for more altcoin-based ETFs and even broader crypto integration into mainstream finance. The precedent set by Bitcoin and ethereum ETFs, now managing over $170 billion in assets combined, underscores the appetite for regulated crypto exposure. Bitwise’s upcoming launch, supported by major custodians like Coinbase and BNY Mellon, may well transform Dogecoin from a cultural phenomenon into a serious financial instrument. Whether or not the price of DOGE sustains its momentum, the shift toward institutional legitimacy is already underway—and Bitwise appears ready to lead it.