**Dogecoin Price Gains Momentum Ahead of Bitwise’s DOGE ETF Launch**
Dogecoin (DOGE) price has experienced upward momentum following growing market anticipation for Bitwise’s upcoming Dogecoin spot exchange-traded fund (ETF), which is expected to go live by the end of this month.
On November 7, Bloomberg ETF analyst Eric Balchunas revealed that the Bitwise DOGE spot ETF could make its market debut within 20 days. This announcement followed Bitwise’s recent filing to amend its registration form with the U.S. Securities and Exchange Commission (SEC).
According to the filing, Bitwise removed the “8(a)” clause—also known as the “delaying amendment”—which previously gave the SEC discretion to delay the launch of ETFs. With this clause eliminated, it is likely that the DOGE ETF will be approved and listed shortly after the mandatory 20-day waiting period ends.
Balchunas hinted at a potential ETF launch date between November 26 and November 27, assuming no intervention from the SEC. In his latest post, he said, “Looks like Bitwise is doing the 8(a) move for their spot Dogecoin ETF, which basically means they plan on going effective in 20 days barring an intervention.”
### Bullish Sentiment Drives Dogecoin Price Higher
The excitement surrounding the potential ETF launch has ignited bullish sentiment for Dogecoin. Over the past day, DOGE’s price has risen by approximately 4%, reaching as high as $0.18 after a month-long downward trend.
However, despite this recent uptick, Dogecoin’s price remains more than 75% below its all-time high of $0.7316.
### Could Dogecoin Price Skyrocket After the ETF Launch?
If Bitwise’s spot DOGE ETF does go live this month, it could be a significant milestone for the popular meme coin. The launch would mark the first DOGE ETF available on the U.S. market, potentially granting institutional investors exposure to Dogecoin for the first time.
Historically, the introduction of crypto ETFs has triggered major capital inflows and fueled bullish market sentiment. This development could help shift Dogecoin’s perception from a hype-driven meme token to a serious, institutionally recognized asset—attracting new investors and possibly sparking a buying frenzy.
### Caution: Past ETF Launches Show Mixed Results
However, not all ETF launches have resulted in sustained price increases. For example, Bitwise’s previous Solana (SOL) Staking ETF briefly pushed Solana above $200, but the price soon fell back below that level.
Dogecoin faces multiple resistance zones at $0.26, $0.41, and $0.54—key levels where traders are likely to take profits, potentially slowing down further price appreciation.
### On-Chain Data and Future Outlook
On-chain analytics indicate modest buying interest, but there is currently no strong signal suggesting a breakout to multi-dollar levels, even with institutional backing from ETFs. Unless trading volumes increase significantly and large holders continue accumulating DOGE, the chances of a rapid jump to $2.20 remain low, though not impossible.
While a short-term surge to the $2.20 range appears unrealistic at present, the approval of the Dogecoin ETF could mark the beginning of a new chapter for the token. Post-launch, Dogecoin might be viewed as more than just a speculative meme asset.
If momentum builds over the coming years—especially amid a broader crypto bull market—reaching or nearing the $2 level could gradually shift from fantasy to possibility.
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*Stay tuned for updates on the Bitwise Dogecoin ETF and the evolving Dogecoin market.*
https://crypto.news/can-dogecoin-price-hit-2-2-as-bitwise-etf-hype-builds/