Dogecoin ETF Filings Spark Optimism as Whales Shift and Traders Bet on a Rebound
Dogecoin is regaining institutional attention as major financial players advance filings for a potential spot exchange-traded fund. Despite recent price volatility and whale-driven selloffs, investor optimism continues to rise, fueled by expectations of a regulatory breakthrough and historical November trends that favor bullish reversals.
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Bitwise and Grayscale Push for Dogecoin ETF Approval
Bitwise ignited market excitement by amending its spot Dogecoin ETF filing under Section 8(a) on November 7, 2025. This move initiates a 20-day window during which the Securities and Exchange Commission may approve the product by default if no objections are raised. Analysts suggest this could pave the way for an official launch before the end of November. Bitwise’s decision mirrors strategies used for other successful cryptocurrency ETF filings, signaling growing institutional confidence in Dogecoin as a legitimate digital asset.
In parallel, Grayscale submitted its own S-1 amendment, confirming a 0.35 percent management fee—comparable to rates for Bitcoin and Ethereum funds. This competitive structure highlights the firm’s intent to position Dogecoin as a serious contender within the evolving ETF landscape. Industry experts interpret these coordinated filings as a pivotal moment for Dogecoin, which could soon join the ranks of mainstream institutional investment vehicles.
Whale Movements Reflect Mixed Market Sentiment
Recent on-chain data shows that large holders have offloaded over 3 billion Dogecoin in the past week, contributing to a dip below key support near 0.167. While some view this as profit-taking following earlier accumulation near 0.20, others interpret it as a sign of capitulation before a potential recovery. The relative strength index currently hovers around 35, indicating an oversold condition that historically precedes upward momentum.
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Despite the selling pressure, many traders remain optimistic. Technical projections using Elliott Wave patterns suggest that if Dogecoin breaks above 0.18 resistance, it could rally toward 0.25 in the short term and possibly extend to 1.20 by year-end.
Futures Traders Bet on a Strong Recovery
On Binance and other major exchanges, open interest in Dogecoin futures has surged over 15 percent, with traders heavily positioning for a rebound. Daily futures volumes have surpassed two billion dollars, showing strong market participation even amid price uncertainty.
Analysts emphasize that the combination of ETF anticipation, retail enthusiasm, and historically strong November performance could catalyze a significant turnaround. If the filings gain quiet approval, Dogecoin may soon witness a new wave of institutional inflows—transforming a meme-born token into a serious market contender once again.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
