Dogecoin ETF on the Horizon? Bitwise Shakes Up Crypto Markets with Amended Filing

Wall Street's meme-coin reckoning may be coming sooner than expected.

Bitwise just dropped a regulatory bombshell—their amended ETF filing signals serious institutional interest in DOGE. The crypto asset manager isn't just dipping toes anymore; they're diving headfirst into the Shiba Inu pool.

When suits start chasing memes, you know we're in a new era of finance. Or maybe just another bubble—who's counting?

Dogecoin ETF to Finally Bring a Breakthrough in DOGE Price?

Dogecoin, in particular, has long been waiting for a breakthrough in price. DOGE has lately been adopting a sluggish price pace, and hasn’t had a significant breakthrough since the US election season last November. Then, DOGE nearly hit $0.50 following Dogefather Elon Musk-supporter and pro-crypto candidate Donald Trump became the US President for a second time. However, the approval and launch of a spot dogecoin ETF could mean a boom in institutional interest and adoption, sending its price skyrocketing, perhaps finally to $1.

Also noteworthy is the fact that Bitwise’s Dogecoin ETF filing was amended to include in-kind redemptions and creations, meaning that the broker-dealers interacting with the ETF can directly trade shares for Doge tokens, or vice versa. “Near-lock at this point that in kind will be allowed in spot ETFs across the board,” Balchunas added.

At press time, Dogecoin’s price hasn’t reflected the update too well, albeit a positive one. DOGE is currently sitting at $0.16, down over 20% this month. However, it maintains a 29% climb in the last 365 days. According to analysts at CoinCodex, DOGE may surge to $0.19 by mid-July 2025. The analysts write, “According to our current Dogecoin price prediction, the price of Dogecoin is predicted to rise by 17.45% and reach $ 0.194006 by July 25, 2025. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 66 (greed).”