Dogecoin is entering a new chapter in its history with the anticipated debut of the first-ever U.S.-listed Dogecoin exchange-traded fund (ETF). According to Bloomberg analyst Eric Balchunas, the ETF, which is set to launch on September 11, will be the first of its kind to hold a meme coin, bringing it into mainstream finance.
The news has already sparked significant market activity. On-chain data shows that large investors have accumulated nearly 280 million DOGE over the past week, contributing to the coin's recent steady price action. As of now, DOGE is trading around $0.24, with market participants closely watching the key resistance level of $0.29.
According to analysts, a decisive break above $0.29 with strong trading volume could pave the way for a rally to the $0.31–$0.36 zone, with a potential run to $0.50. Conversely, a failure to break this resistance could see the price retrace toward $0.205.
Beyond the short-term price movements, the ETF's launch has reignited long-term speculation for Dogecoin. Optimists believe that if the ETF attracts significant inflows from mainstream investors, it could help push the coin toward the $1 milestone or even higher. The success of the ETF will now be a crucial factor in determining if Dogecoin can move beyond its meme status and become a more stable, institutional asset.
September 2025, Cryptoniteuae