NewsBTC
Sep 13, 2025
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Dogecoin Surges 21% Amid Delayed US ETF Approval

Dogecoin ETF Approval and Market Reaction

  • Dogecoin rose after reports of the first US Dogecoin ETF approval, despite a delayed trading debut.
  • The REX-Osprey Dogecoin ETF, ticker DOJE, received regulatory approval but announced a delay in its listing date.
  • Dogecoin traded at $0.26 with a 24-hour volume of over $4 billion and a market cap around $39–40 billion. It showed a 5% increase in 24 hours and 21% over seven days.

Market Dynamics

  • Traders increased long positions amid a pennant breakout pattern, targeting $0.28–$0.30 if momentum holds.
  • Retail traders and large holders increased activity on exchanges and social platforms.
  • Options desks saw a rise in activity; order books tightened on major exchanges.
  • Crypto fund flows are being watched to gauge sustained demand.

Community Response

  • Supporters welcomed the regulated access through an ETF, while critics highlighted risks of speculative investment.
  • Concerns raised about investor understanding, disclosure, and trading rules.

Outlook

  • Investors await the new listing date, initial filings, and early inflows for the ETF.
  • Key indicators include order books, options open interest, and short interest.
  • If strong inflows occur, Dogecoin could sustain gains toward $0.28–$0.30; otherwise, gains might be tested.

Monitor live prices, official filings, and sponsor statements for updates.