Dogecoin price is showing renewed strength as Bitwise accelerates efforts to bring its spot Dogecoin ETF to market.
The asset manager’s latest filing could pave the way for the first US-listed DOGE exchange-traded fund to go live within weeks, marking a major step in integrating the meme coin into regulated financial markets.
Bitwise sets 20-day window for its Dogecoin ETF approval
Bitwise has submitted an 8(a) form under the Securities Exchange Act of 1934, a strategic move that allows its proposed Dogecoin ETF to become automatically effective within 20 days unless the US Securities and Exchange Commission (SEC) intervenes.
The filing signals Bitwise’s intent to fast-track the ETF’s listing, leveraging the same procedural approach that enabled the firm’s Solana Staking ETF (BSOL) to debut successfully in late October after Canary Capital’s Hedera and Litecoin ETFs went live.
According to Bloomberg’s senior ETF analyst Eric Balchunas, the 8(a) filing “basically means they plan on going effective in 20 days barring an intervention.” This mechanism allows the ETF trust to go live if the SEC does not object, a process that reflects growing confidence among issuers navigating softened regulatory pathways.
The timing is also significant. The recent US government shutdown could limit the SEC’s capacity to act within the 20-day window, increasing the likelihood that the Dogecoin ETF automatically takes effect.
Such a development would mark a defining moment for meme-based cryptocurrencies, signaling institutional recognition of DOGE as a legitimate asset class.
In addition, Bitwise’s move comes amid rising demand for diversified crypto exposure. Its latest success with the BSOL ETF, which saw $56 million in trading volume and $69 million in inflows within its first day, shows that investors are eager for new crypto-linked products.
If the DOGE ETF launches without regulatory resistance, it could open the door for similar filings centered on other meme assets.
Dogecoin price steadies near key reversal zone
While regulatory developments drive excitement, the Dogecoin price remains technically poised for a potential breakout.
DOGE is trading above $0.1600 after stabilizing from recent declines, showing early signs of a rebound.
Analysts point to a double-bottom reversal pattern forming near the $0.15704 support level — a structure that often precedes bullish reversals.
A decisive close above the neckline at $0.16886 could confirm the breakout, setting the stage for a rally toward $0.17816 and possibly higher resistance near $0.19755.
Looking at the technical indicators, the Relative Strength Index (RSI) is slowly climbing toward neutral territory, suggesting waning selling pressure, while the MACD indicator signals steady buying momentum.
Beyond chart patterns, on-chain data supports the growing optimism. The 30-day Market Value to Realized Value (MVRV) ratio stands at -13.26%, implying that most recent buyers are sitting on unrealized losses — a condition historically associated with market bottoms.
Large wallet investors, particularly those holding between 100 million and 1 billion DOGE, have increased their share of the total supply to 20.31%, up from 19.5% at the start of November. This accumulation signals confidence ahead of the potential ETF launch.
The broader market context also favors renewed upside. DOGE’s trading volume has risen alongside improving sentiment, and the symmetrical triangle pattern observed on weekly charts hints at a potential move toward $0.35 if momentum continues. The ETF narrative is likely to amplify this technical setup, as past regulatory milestones have historically driven significant volatility and price appreciation in major cryptocurrencies.