Dogecoin ETF Launch: Will DOGE Shatter Expectations or Crash Back to Meme Status?

Wall Street’s latest crypto circus act rolls into town—a Dogecoin ETF. Boosters claim it’ll ’legitimize’ the joke currency, while skeptics eye the exit. Here’s the real question: Can DOGE sustain a rally post-ETF, or is this just another liquidity trap for retail bagholders?

Market mechanics suggest initial volatility, but long-term viability hinges on more than Elon Musk tweets. Meanwhile, traditional finance quietly places its bets—because nothing says ’serious investment’ like a Shiba Inu-themed derivative product.

Dogecoin: What’s the Update?

Dogecoin is currently sitting at a new price mark of $0.17, down 1.22% in the last 24 hours. The token is currently a central part of the rising ETF domain, where giants like Bitwise have expressed their desire to explore and launch Doge ETFs. However, in a new development, the US SEC has delayed the Bitwise DOGE ETF decision, with its new deadline for approval fixed around June 15, 2025.

SEC delayed decision on these today…

-Franklin SOL & XRP ETFs
-Grayscale HBAR ETF
-Bitwise DOGE ETF
-Staking in Franklin & Fidelity ETH ETFs, along w/ Franklin Crypto ETF
-In-kind creates & redeems on Invesco Galaxy BTC & ETH ETFs

I still think all will be approved this year.

As far as Doge price prospects are concerned, the ETF narrative is poised to help the token gain new price heights. Per leading crypto analysts like Ali Martinez, Dogecoin may soon explore a new price high of $0.74 if the token manages to hold support, securing a monthly close above $0.20.

If #Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy

How high can the token rise once its ETF goes live?

Per ChatGPT, Dogecoin may spike and trade at a high price mark of $1 soon after a Doge launch.

Per the portal, Dogecoin’s midterm price target includes the token hitting $2 to $3 if the ETF momentum ends up helping DOGE attract renewed investor sentiment.

In a long-term case, Dogecoin can surge beyond $3 if the token manages to establish utility beyond memecoins and hype.