Dogecoin $DOGE is once again grabbing headlines and market attention not just for memes, but for serious progress that’s drawing in investors, institutions, and even regulators.
Spotlight on the DOGE ETF
The spark came earlier this month when the U.S. Securities and Exchange Commission (SEC) formally acknowledged the spot ETF application filed by 21Shares. This marks the beginning of a 240-day decision period, ending in January 2026. According to prediction markets, the chances of a Dogecoin ETF being approved in 2025 have surged to 66%.
Institutional investors are already making moves. On the same day the SEC’s acknowledgment went public, Dogecoin futures open interest soared by 70%, hitting $1.65 billion. Big players like 21Shares and Bitwise are also backing physically settled DOGE ETFs, offering low fees and substantial liquidity.
Dogecoin Foundation Powers Forward
Away from the speculation, the Dogecoin Foundation is focused on infrastructure. Its ambitious Dogebox project aims to onboard 1 million small businesses with tools to self-host DOGE payments. In the decentralized finance (DeFi) space, DogeOS recently raised $6.9 million to scale DOGE’s on-chain capabilities showing Dogecoin is far more than a meme.
Price Momentum and Projections
DOGE has seen a strong 25% rally in the past two weeks, currently trading around $0.22. Analysts have set short- to mid-term targets around the December 2024 highs of $0.46. However, if a DOGE ETF gains approval, market watchers predict a potential parabolic breakout that could push Dogecoin past the symbolic $1 mark.
Dogecoin is no longer just a joke it’s becoming a serious contender. With real development, growing institutional interest, and potential regulatory approval in sight, the next chapter in DOGE’s story might be its most groundbreaking yet.
