Dogecoin (DOGE) price rallied after days of declines. On Thursday, DOGE traded near $0.28, up about 13% in a week’s span from a low of $0.25 on Tuesday.
The jump came as the first U.S.-listed Dogecoin ETF will begin trading on Thursday.
The REX Shares-Osprey Dogecoin ETF (ticker DOJE) launched on Sep. 18, 2025, making DOGE the first memecoin with its own regulated ETF.
This ETF leverages the Investment Company Act of 1940 to speed approval, sidestepping the longer Securities Act review that held up other crypto ETFs.
Dogecoin (DOGE) Price Rises on ETF Debut
The ETF debut is seen as a turning point for Dogecoin. According to analysts, the DOJE launch “marks a pivotal moment” that could inject institutional capital and “mainstream legitimacy” into Dogecoin’s ecosystem.
In fact, one market watcher noted that Dogecoin is becoming a more mainstream asset now that it has a Wall Street fund.
He wrote, “DOGE becomes the first memecoin with its own ETF on Wall Street,” uplifting its status to a more seriously considered crypto and not just a simple meme token.
The REX-Osprey fund’s rapid approval has even been called a “regulatory end-around” by ETF experts (via 1940 Act filings).
Institutional buyers are already moving in. On Tuesday, CleanCore Solutions announced the purchase of 100 million additional DOGE, taking its holdings above 600 million.
These moves came “as regulatory clarity improves ahead of the anticipated approval of the first U.S.-listed spot Dogecoin ETF.”
In short, demand from institutional and corporate rose even before the ETF’s impact was seen.
Analysts Set Ambitious Dogecoin Price Targets
With the ETF live, analysts and traders are setting aggressive price targets. Many point to technical patterns and the promise of new capital flows.
One analyst charted a “bullish megaphone” setup for DOGE and projected a breakout toward about $1.40, roughly a 400% gain from current levels.
TipRanks summarizes that “traders say the first Dogecoin ETF could push DOGE to $1.40, with some calling for as high as $5” if institutional money floods in.
A popular crypto trader, CryptoELlTES, explicitly tweeted, “My target for $DOGE is $5 after a Dogecoin ETF!” Reaching $5 from today’s $0.28 price would imply a roughly 1,600% increase.
These high targets hinge on the assumption that Dogecoin will attract capital flows similar to earlier crypto ETFs. Of course, these are forecasts, not certainties.
Even so, the line of reasoning is that historically, spot ETFs drew big inflows in crypto, boosting prices.
Analysts note that DOJE could position DOGE “for a maturation phase, potentially unlocking billions in inflows” like prior U.S. spot crypto funds. If so, the market could see “massive price gains” for Dogecoin price ahead.
For now the DOGE ETF listing gives traders a new way to bet on it without holding the coin directly – another sign that large investors may take Dogecoin more seriously.
Dogecoin has a very volatile track record. It shot up as a speculative meme token in 2021 and reached a record high of about $0.73 in May 2021.
That peak made DOGE one of the top crypto coins by market cap at the time. The price then collapsed, and by mid-2022, DOGE fell over 90% from those highs.
After mostly trading sideways through 2023, a late-2024 rally took DOGE back up to roughly $0.48 in December 2024. Since then the trend turned down again