Price explosion ahead? Grayscale files for Dogecoin ETF

Grayscale is pushing the pace: Just one day after the SEC postponed the 21Shares Dogecoin ETF, the asset manager filed its own S-1 form for a spot DOGE ETF. The move signals growing institutional interest—but Dogecoin's price remains sluggish so far.
Since the beginning of the year, DOGE has fluctuated between $0.15 and $0.25. Despite ETF speculation, a sustained breakout has so far been lacking. According to CoinGecko, the meme coin was last trading at $0.228. The market has barely priced in the potential approval so far—a notable discrepancy given that, in addition to Grayscale, Bitwise and REX-Osprey also have DOGE ETFs in the pipeline.
While other altcoins are benefiting from ETF news, DOGE is lagging behind. Compared to its 2021 hype high of over $0.70, the current price is a shadow of its former days. DOGE is trading 69.5 percent below its all-time high.
Added to this is growing competition: In addition to DOGE, ETF applications are also pending for other meme coins such as TRUMP, BONK, and Pudgy Penguins. While the SEC is signaling regulatory leeway, it remains hesitant in its decision.
A Dogecoin ETF would inject large amounts of capital into the memecoin market. The Bitcoin ETF remains the most successful index fund in stock market history.

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