Is a Dogecoin ETF Coming? Grayscale has just submitted its S-1 filing, aiming to turn Dogecoin into a publicly traded ETF product in the United States. The company states that this is primarily to connect the popularity of Dogecoin with investor interest. Although other Dogecoin-related applications are still waiting in line, industry speculation suggests that Grayscale is likely preparing for the peak approval period at the end of the year.

Once the news broke, the price of Dogecoin saw a slight increase, with investors eagerly anticipating that if the SEC approves, it could attract more participants. Grayscale emphasizes that this ETF can make the market more transparent and diverse, allowing investors of all sizes to find new opportunities. They are also in close communication with the SEC, hoping to turn Dogecoin into a publicly traded product while boosting market confidence.

In terms of market trends, some analysts believe that the SEC may approve a wave of altcoin ETFs in October. After all, the previous approvals for BTC and ETH ETFs were handled similarly. Currently, there are over 40 altcoin ETF applications waiting in line, and Grayscale is also accelerating the advancement of other alternative ETFs. Once approved, it's expected to launch soon. This wave of excitement at the end of the year may encourage more companies to follow suit with applications.

In terms of market performance, over the past week, Dogecoin 'whales' have made significant purchases of over 200 billion DOGE, with prices remaining relatively stable but showing clear bullish expectations. Technically, Dogecoin maintains a double bottom formation, with a key price range between $0.22 and $0.247. If it breaks through $0.247, it is expected to rise about 21% to $0.30; if it falls below $0.22, it could drop about 11% to $0.19.

The current key liquidation levels are at $0.2213 and $0.2354, with long positions reaching $48.88 million, far exceeding the short positions of $26 million, indicating that bullish sentiment dominates the market, and Dogecoin is likely to continue its upward momentum in the short term.