Dogecoin price declined as the broader crypto market fell, with DOGE trading around $0.1420, a further drop from its September highs.
The upcoming launches of the 21Shares 2x DOGE ETF and the Grayscale DOGE ETF are cited as potential catalysts that could spur a rebound by providing institutional exposure to DOGE for American investors.
“A potential catalyst for the Dogecoin price rebound is the upcoming launch of the 21Shares 2x DOGE ETF, which is expected to happen early next week. This launch will happen on the same week that the Grayscale DOGE ETF launches, giving American institutional investors a chance to invest in the biggest meme coin in the crypto industry.”
However, questions remain about the likely inflows into these ETFs. The REX-Osprey DOGE ETF (DOJE), launched two months prior, has attracted only about $24 million in assets and trades at a discount to NAV, signaling limited market traction so far. The concern extends to broader altcoin ETF inflows not offsetting ongoing sell-offs in major coins. For instance, Solana has fallen to its lowest level since April despite ETF inflows, while XRP and HBAR prices declined post-ETF launches.
Dogecoin’s near-term price action is therefore closely tied to prevailing market conditions in the crypto sector and the degree to which new DOGE-focused ETFs attract meaningful investor flows.