DOGE Price Rebounds as ETF Optimism Grows

Dogecoin (DOGE) continued its upward momentum in Asian trading on Monday, climbing to around $0.1471 despite ongoing turbulence surrounding Elon Musk’s now-dissolved Department of Government Efficiency (D.O.G.E.). The token showed resilience even after the White House confirmed the department’s early closure following Musk’s fallout with President Trump, which led to internal conflict and the transfer of duties back to federal agencies.

Market sentiment instead shifted toward a more bullish catalyst: the upcoming launch of Grayscale’s DOGE exchange-traded fund (ETF). According to CoinDesk market data, DOGE traded near $0.145 with more than a 3% daily gain, outperforming the 0.6% rise in the CoinDesk 20 Index (CD20) and the broader memecoin sector. Investors appear energized by Grayscale’s GDOG ETF, set to begin trading shortly, alongside Bitwise’s competing DOGE fund, which may go live within the 20-day 8(a) approval window. This wave of new spot ETF offerings is creating rare upside momentum for the popular memecoin.

Historically, DOGE often reacts whenever it enters the news cycle, especially during moments tied to Musk. While his influence remains a familiar driver, this latest surge is more clearly linked to institutional interest and the ETF narrative. Still, analysts caution that DOGE’s technical outlook remains fragile as whale distributions and weak short-term patterns continue to pressure the market.

Meanwhile, Bitcoin (BTC) and Ethereum (ETH) remain sharply lower on the week, down roughly 9% and 10% respectively, with most large-cap assets showing similar sluggish performance. Interestingly, despite DOGE’s rally, it was cat-themed tokens that led the memecoin category. Data from CoinGecko indicates that feline-inspired coins saw their market capitalization rise by 4.2%, slightly outperforming dog-themed cryptocurrencies, which grew by about 4%.

Overall, DOGE’s latest price action highlights how quickly sentiment can shift when institutional products enter the market, signaling growing mainstream interest in memecoins as ETF adoption accelerates.