Spot Dogecoin ETF Arrives: Could DOGE Surge to $1?

Jakarta, Pintu News – The crypto market just witnessed another big moment when Grayscale launched the first spot Dogecoin (DOGE) ETF in the United States. The product is named Grayscale Dogecoin Trust ETF, with the stock code $GDOG, and for the time being comes with zero percent fees.

Grayscale Launches Doge ETF $GDOG

Grayscale announced this launch with a witty message, reading: “Much wow. Big ETP.” The company confirmed that the $GDOG ETF normally has a fee of 35 basis points (bps), but the fee is waived entirely for the first $1 billion of assets or for the first three months, whichever comes first.

Read also: Dogecoin Hits $0.15 Amid Surge Triggered by ETF Launch

ETF specialist from Bloomberg, Eric Balchunas, said that $GDOG will only enjoy the spotlight for two days before Bitwise launches its own Dogecoin ETF on Wednesday.

Products from Bitwise will trade under the code $BWOW. Balchunas added that it’s great to see different publishers getting their own moment in the market, noting that companies like Grayscale have been pushing the industry for years to get to this point.

DOGE price yet to show reaction

Despite the euphoria over the launch of the ETF, the price of DOGE has not shown any significant reaction. As of November 24, DOGE is trading around $0.1438, up less than 1 percent. The ninth-largest crypto asset is still stuck in a bearish structure.

DOGE continues to form lower highs within the descending channel. The key resistance level remains at $0.16, which has thwarted several attempts at price gains.

On the weekly chart, it can be seen that DOGE has dropped from $0.3075 in September to the current price. Keeping the $0.14 level is crucial for the bulls. If this level is broken, then there is potential for a further drop to $0.10.

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An analyst noted that the weekly candle has touched the long-term support trend line for the third time. The last time this pattern appeared was in the 2023-2024 period, which was the start of Dogecoin’s multi-year bull run in the 2021-2026 cycle.

Will DOGE Explode?

For now, market signals are mixed. The launch of the first $DOGE ETF is clearly a long-term bullish sentiment, and the zero percent fee could encourage faster fund inflows into the $GDOG product.

However, the DOGE price still needs to break $0.16 first before a potential major rally can begin.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. First Dogecoin ETF Goes Live in the US: Is $1 Next For DOGE? Accessed on November 25, 2025