Dogecoin ETF Debut Sparks Investor Frenzy and Price Rally Hopes

The Dogecoin ecosystem is experiencing a surge of new investor interest following the launch of the first U.S. Dogecoin exchange-traded fund (ETF). The Rex-Osprey DOGE ETF made its trading debut last week with remarkable momentum, recording $6 million in trading volume within just the first hour. This figure was 140% higher than Bloomberg analyst Eric Balchunas’ day-one forecast and nearly six times greater than the average trading volume of new ETFs across an entire session.

The strong performance has positioned Dogecoin among the most successful crypto-based ETFs to date, surpassing many earlier launches that struggled to exceed $1 million in day-one activity. Balchunas had originally predicted a modest $2.5 million in first-day trading, but Dogecoin investors far outpaced expectations. The ETF’s immediate traction has intensified community discussions, fueling optimism for a significant DOGE price rally.

Adding to this momentum, the 21Shares spot-based DOGE ETF proposal has been listed on the Depository Trust & Clearing Corporation (DTCC), signaling stronger market adoption. Meanwhile, the U.S. Securities and Exchange Commission (SEC) is reviewing additional Dogecoin ETF applications from Grayscale and Bitwise, with decisions expected by October 17. Analysts suggest the success of the first ETF has likely improved the odds of approval for these filings.

Dogecoin’s market price reacted positively to the ETF launch, climbing 5.12% within 24 hours to $0.28 and reaching an intraday high of $0.285 on September 18. After consolidating above its breakout zone, DOGE later corrected to $0.22, but traders remain focused on resistance levels at $0.39 and $0.43-$0.45. A breakout past these points could return Dogecoin to 2021 price levels, but this time on a stronger base near $0.20-$0.25.

With ETF liquidity confirmed, institutional accumulation underway, and DOGE hovering near $0.30, many traders believe the path to $1 Dogecoin is becoming increasingly realistic in this cycle.