Dogecoin Latest Updates: DOGE ETF Approval Approaches Amid Price Drop—Will Institutional Investors Halt the Decline?

The competition to launch a spot

(DOGE) exchange-traded fund (ETF) in the United States is nearing its conclusion, as Bitwise Asset Management submitted an 8(a) form for its planned ETF on November 7, 2025. This filing initiates a 20-day window for potential automatic approval by the SEC, provided there is no regulatory action, according to Bloomberg Senior ETF Analyst Eric Balchunas, as cited in a . Should it receive approval, the ETF—set to trade under the symbol "BWOW"—could represent a significant milestone for meme coins, giving both institutional and retail investors a regulated means of access, as highlighted in a .

Even with these advancements, Dogecoin’s price continues to face downward pressure, hovering around $0.165 as of November 7, which is still below major resistance points. Experts caution that a prolonged bearish trend may persist, with the possibility of DOGE falling under $0.10 by 2025 due to the loss of crucial support and persistent selling, according to a

. The current price movement has drawn parallels to Bitcoin’s own challenges, with BTC lingering near $104,000 and approaching a key psychological level. U.Today also points out that liquidation clusters below $103,000 could increase the risk of further declines, especially if support is breached.

Bitwise’s application is part of a larger industry trend toward crypto ETFs, with rivals such as Grayscale and Osprey Funds also seeking approval for DOGE ETFs. Matt Hougan, the company’s Chief Investment Officer, has consistently maintained that DOGE’s liquidity and market cap make it suitable for institutional portfolios, a view strengthened by recent regulatory changes. The SEC’s decision on September 18 to approve general listing standards for crypto ETFs—which require assets to have a regulated futures market for at least six months—has simplified the process, allowing for quicker approvals of qualifying products, as reported by Live

News.

Elsewhere, Ripple Labs’ recent $1 billion share repurchase at a $40 billion valuation saw limited participation, signaling investor confidence in the company’s direction following its SEC victory. This stands in contrast to Dogecoin’s situation, where analysts such as Ali Martinez warn of a “time bomb” scenario as DOGE trades within a descending channel, with $0.16 identified as a key support, according to U.Today.

The race for a DOGE ETF also highlights the increasing interest from institutions in meme coins. Rex Shares and Osprey Funds introduced the first U.S.

ETF, DOJE, in September 2025, paving the way for Bitwise’s entry, as noted by Live Bitcoin News. With and JPMorgan showing growing optimism toward crypto, and the SEC adopting a more favorable stance, the regulatory climate seems to be shifting toward wider acceptance, according to a .

Nevertheless, Dogecoin’s price outlook remains uncertain. Blockchain data indicates ongoing accumulation near $0.15, but a dip below $0.16 could trigger renewed selling pressure, potentially pushing the price down to the $0.12–$0.14 range by year-end, according to the CryptoTimes report. On the other hand, a move above $0.17 might signal a brief recovery, though the Ichimoku Cloud—a widely used technical indicator—continues to suggest a bearish trend, as per CryptoTimes analysis.

As the countdown to Bitwise’s possible ETF approval continues, opinions in the market are divided. While institutional involvement could help stabilize DOGE’s price swings, the coin’s fundamental issues—mainly its speculative appeal and limited utility—remain. For now, attention is focused on whether the ETF’s approval will spark a rally or simply provide a temporary price floor.

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