Dogecoin's Potential Surge: ETF Approvals Could Propel Prices

The latest Dogecoin price forecast indicates that this beloved memecoin might be gearing up for a significant year-end surge. This optimism comes on the heels of a recent filing by Bitwise, a prominent U.S. digital asset manager, which has submitted an 8(a) form aimed at launching the first-ever spot Dogecoin ETF.

If the anticipated ETF receives approval as early as November, crypto enthusiasts could witness a remarkable rally in DOGE prices, potentially soaring eightfold from current levels to hit the $1.20 mark by 2026.

Historically, the last major bull run in 2021 saw Dogecoin explode in value, skyrocketing over 350 times from $0.05 in February to a peak of $0.73 just three months later.

The situation closely resembles the 2021 bullish momentum, where Dogecoin surged from $0.05 in February to $0.73 within a brief three-month period.

According to Bloomberg ETF analyst Eric Balchunas, Bitwise has recently updated its S-1 registration by removing a “delaying amendment,” which is a positive sign for the ETF’s progress.

It appears that Bitwise is moving forward with the 8(a) process for their spot Dogecoin ETF, indicating they plan to be effective in 20 days unless the SEC intervenes. pic.twitter.com/y8jyxbYKXQ

This filing initiates the Section 8(a) procedure under the U.S. Securities Act, allowing for the ETF to become effective automatically 20 days after submission if the SEC does not take any action against it.

If the SEC remains silent, the spot Dogecoin ETF could potentially launch by November 26, 2025.

Additionally, Grayscale has also filed a similar application to commence its own countdown for approval.

Should these applications gain approval, Dogecoin would become one of the first altcoins to feature a U.S.-listed spot ETF, providing both retail and institutional investors with regulated access to DOGE.

Market analyst BitGuru has pointed out that following the ETF announcement, DOGE has broken free from prolonged consolidation and has made a substantial bullish rebound.

$DOGE has just emerged from an extended consolidation phase and has broken its downtrend with a robust bullish rebound.

It’s currently just under the significant $0.186 resistance zone. If it manages to flip this resistance, momentum could accelerate rapidly. The market structure appears to be turning bullish once more. pic.twitter.com/Zv8KNWCnb6

Currently, the coin is hovering just beneath the crucial $0.186 resistance level. Surpassing this threshold would signal a shift back to a bullish market structure.