Dogecoin ETF approval could come next week in the US as price holds support and analysts predict a sharp upward breakout.
Dogecoin may be on the edge of a new milestone as the first exchange-traded fund tied to the cryptocurrency could be approved in the United States next week. Traders and analysts are closely watching the development, while technical indicators and community sentiment suggest the potential for strong price movement.
Regulatory Filing and Pathway
ETF issuer REX Shares has filed a prospectus with the US Securities and Exchange Commission for the proposed Dogecoin ETF. The company has chosen to use the 40 Act regulatory pathway, which differs from the traditional approval process for crypto-based funds. This approach was also used by REX to launch its Solana staking ETF earlier this year.
Bloomberg analyst Eric Balchunas said that REX may be preparing to bring the product to market next week. He noted that the company has already filed an effective prospectus, which suggests that the regulatory requirements under the 40 Act have been met. Other ETF providers, including 21Shares, Bitwise, and Grayscale, are still waiting for SEC approval under the traditional route.
Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week based on below tweet combined w how they just filed an effective prospectus. Doge looks like first one to go out, but the pros also includes on there are Trump, XRP and Bonk so poss those too at some… https://t.co/svyAFLB8Q3
— Eric Balchunas (@EricBalchunas) September 4, 2025
The prospectus warns that Dogecoin remains highly volatile and is subject to rapid changes in market behavior. It notes that the digital asset is a relatively new innovation and carries unique risks for investors compared to traditional assets. This cautionary note reflects the SEC’s wider concerns about volatility in the crypto sector.
Market Reaction and Dogecoin Price Trends
Dogecoin has delivered strong gains over the past year, rising more than 116% according to data from CoinMarketCap. Despite this growth, the coin is trading about 54% below its peak of $0.4672 reached in December 2024. At the time of writing, Dogecoin is valued near $0.2129, reflecting both its volatility and continued investor interest.
Traders are monitoring technical charts for possible bullish momentum. Trader Tardigrade, a market analyst, highlighted that Dogecoin is breaking out of a triangle pattern on the four-hour chart. This type of setup often points to potential upward movement if the breakout is confirmed by trading volume.
Crypto Jobs, a market analyst active on social media, suggested that Dogecoin is in a medium-term accumulation phase. He stated that technical conditions are bullish and projected a move of at least 15% in the near term. He also pointed to a long-term support zone between $0.20500 and $0.20700, which may act as a base for further gains.
🚨 BREAKING NEWS: $DOGE first-ever ETF could launch in the US next week!
Technicals also look bullish here 📈
Currently in a solid medium-term accumulation phase.
I’m expecting a 15%+ firework move soon, likely next week! 🎆
Long-term support:
$0.20500 – $0.20700Are you… pic.twitter.com/UXuIqAIvZe
— 🧙 Crypto_Jobs🧙♂️ TA & FA 🎯 (@CryptoJobs3) September 7, 2025
Dogecoin Institutional and Public Interest
Dogecoin continues to hold a strong place in popular culture and in the broader crypto market. Billionaire Elon Musk has long been linked to the token, calling himself the Dogefather and referencing the coin in public appearances. His influence has often boosted attention toward Dogecoin during key periods in its history.
Furthermore, Musk’s attorney Alex Spiro is reported to be chairing a new company aimed at raising $200 million to invest in Dogecoin. This development reflects a wider movement of institutional capital into digital assets, which could strengthen the case for new crypto-based ETFs.
The proposed Dogecoin ETF would join a list of crypto investment products now being tested in the US market. If approved, it could provide a regulated pathway for investors to gain exposure to Dogecoin without directly holding the token. This comes at a time when investor sentiment and technical signals are aligning for a possible rally in the asset.
