Dogecoin (DOGE) Roars Back: ETF Buzz Fuels 2025 Rally After Brutal Dip

Meme coin defies gravity—again.

After a gut-wrenching plunge that shook out weak hands, DOGE stages a textbook dead-cat bounce. The catalyst? Whisperings of a potential crypto ETF approval that's got degenerates and 'institutions' (read: hedge funds late to the party) scrambling.

Pump first, ask questions later.

The usual suspects are out in force—Twitter shills spinning this as 'institutional adoption,' while old-money finance bros clutch their pearls. Meanwhile, the SEC probably just Googled 'what is a Doge.'

One rule remains unchanged: In crypto, hope burns brightest when fundamentals matter least.

TLDR

• Dogecoin dropped 5.7% to $0.158 before recovering to $0.161 with strong buying interest at support levels
• Heavy selling pressure eased after 13:00 UTC as buyers stepped in with 229M DOGE traded during recovery
• Bitwise Asset Management updated its Dogecoin ETF filing with the SEC, adding in-kind creation and redemption mechanisms
• Bloomberg analysts estimate 80% approval odds for a Dogecoin ETF as regulatory engagement increases
• Volume surged to 4.7M DOGE during the breakout above $0.161, establishing new support at that level

Dogecoin experienced a sharp decline before finding stability around key support levels. The memecoin dropped nearly 6% over 24 hours as profit-taking dominated market action.

The asset fell from $0.167 to a low of $0.158 during the session. This decline came as global markets remained on edge due to geopolitical tensions and economic uncertainty.

Heavy selling pressure persisted through the early hours. The downtrend continued until approximately 13:00 UTC when buyers began to emerge.

Strong buying interest developed at the $0.158 support zone. This level attracted 229M Doge in trading volume as the price began to stabilize.

#Dogecoin jumped from $0.0003 to $0.0026 to $0.009 in the last cycle 🔥
In this cycle, $DOGE could see similar jumps, from $0.42 to $1.46 to $4 🚀$DOGE/M1 pic.twitter.com/k6kbCrqdVW

— Trader Tardigrade (@TATrader_Alan) June 26, 2025

The recovery gained momentum in the final trading hours. DOGE climbed from $0.159 to $0.161, posting a 1.47% gain in the session’s closing period.

Volume patterns supported the price recovery. A surge to 4.7M DOGE occurred during the breakout above $0.161 between 01:39 and 01:42.

The technical setup showed clear signs of stabilization. Higher highs and higher lows formed during the recovery phase.

ETF Development Progress

Bitwise Asset Management submitted updated filings for its proposed Dogecoin ETF. The amendments represent continued engagement between the asset manager and the SEC.

The revised filing includes in-kind creation and redemption mechanisms. This feature was absent from the original application submitted in January.

In-kind mechanisms allow ETF shares to be exchanged directly for the underlying cryptocurrency. This structure can improve tax efficiency and reduce market impact.

Bloomberg ETF analyst Eric Balchunas called the updates a positive development. He described the inclusion of in-kind mechanics as a “huge update” that could set industry standards.

Bitwise has filed amended S-1s for their spot dogecoin ETF and their spot Aptos ETFs. Good signs as it indicates SEC engagement, and tracks with other spot approvals. pic.twitter.com/vWpkMwyhyT

— Eric Balchunas (@EricBalchunas) June 26, 2025

Regulatory Outlook

The SEC previously delayed its review of Bitwise’s Dogecoin ETF proposal. The agency cited the need for additional time to assess legal compliance.

Bloomberg analyst James Seyffart estimated 80% approval odds for a Dogecoin ETF. This assessment reflects growing regulatory engagement around the proposal.

Other firms are also pursuing Dogecoin ETF approvals. Grayscale and 21Shares have submitted competing applications.

Bitwise remains the only issuer filing for an Aptos ETF. The firm is positioning itself across multiple cryptocurrency products.

The SEC is currently reviewing dozens of spot ETF proposals. Institutional interest in altcoin-based investment products continues to grow.

DOGE closed the session at $0.161 with support established at that level following brief consolidation between 01:52 and 01:59.