DOGE Surges 4.26% as Bitwise Spot ETF Update Sparks Renewed Market Optimism and Trading Activity

Dogecoin (DOGE) has experienced a notable price increase over the past 24 hours, rising by 4.26% to $0.16421 (Binance data), following a period of stabilization after a recent decline. The price rebound is attributed to renewed buying interest at the $0.158 support level, as well as positive sentiment generated by Bitwise updating its spot Dogecoin ETF application to include in-kind creation and redemption, which is currently under SEC review alongside similar filings from Grayscale and 21Shares. This regulatory development has contributed to increased market activity and optimism, reflected in the strong trading volume and DOGE’s position among the top 10 cryptocurrencies by market capitalization. Despite a 27% decline over the past month and ongoing volatility in the broader crypto market, DOGE continues to attract significant retail interest and remains a focus of market attention.