DOGE Gains on ETF Optimism
Dogecoin (DOGE) surged 5% on September 9, reaching a daily high of $0.2471 before settling at $0.2465. The rally comes as markets anticipate the approval of the Rex-Osprey Spot Dogecoin ETF (DOJE) in the United States.
The SEC is expected to deliver its decision this week. While approval could come as early as September 9, regulators have until September 13 to finalize. According to ETF Store president Nate Geraci, market sentiment strongly favors approval.
First dogecoin ETF appears likely to launch this week…
Rex-Osprey DOGE ETF (DOJE).
Get ready.
Think we’re in for *wild* next 2 months for crypto ETFs.
— Nate Geraci (@NateGeraci) September 7, 2025
On prediction platform Polymarket, traders are assigning a 91% chance that the Dogecoin ETF will be approved in 2025, adding further fuel to bullish speculation.
Why an ETF Matters for Dogecoin
The launch of the first Dogecoin spot ETF would mark a major milestone, giving the meme-inspired cryptocurrency new credibility with traditional investors.
For years, DOGE has been dismissed by some as a joke coin. But with a regulated ETF, it could attract a new wave of institutional and retail investors. This development would also align Dogecoin with other leading cryptocurrencies like Bitcoin and Ethereum, which already have approved ETFs.
Could DOGE Reach $1?
Crypto analyst XForceGlobal argues that Dogecoin’s price pattern follows a “textbook 5-wave move” since inception. He believes the current cycle could end with a new all-time high, suggesting $1 as a realistic target.
However, even Rex, the fund’s issuer, has urged caution. In its ETF filing, the firm warned investors of Dogecoin’s inherent risks, citing rapid price swings, volatility, and uncertainty.
Despite these warnings, DOGE’s active community and decentralized ecosystem continue to provide momentum, giving bulls hope that the ETF approval could be the catalyst for its next major rally.
