Dogecoin (DOGE) Price Surged 2.3% to Breach the $0.17 Resistance

Dogecoin (DOGE) surged 2.3% over the last 24 hours to breach the $0.17 resistance amid renewed optimism around Bitcoin ETF-driven inflows.

Dogecoin (CRYPTO: DOGE) prices surged by 2.3% over the last 24 hours to breach the $0.17 resistance amid renewed optimism around Bitcoin ETF-driven inflows.

With Bitcoin ETFs pulling in over $40 billion in assets under management since approval, speculation is mounting over what a potential Dogecoin ETF could mean if DOGE captures just 30% to 50% of BTC ETF inflows.

Dogecoin Price Surges 2.3% as Nasdaq Files for 21Shares 21Shares DOGE ETF

Dogecoin (CRYPTO: DOGE) prices rose by 2.3% in the last 24 hours to reach $0.173 as speculation around a possible Dogecoin ETF increased following Nasdaq’s official filing to list the 21Shares (OTC:TWMCF) Dogecoin ETF.

According to CoinGecko, DOGE had climbed by 5.0% over the past week, outperforming Bitcoin’s 1.1% gain and Ethereum’s 2.1% rise during the same period.

Trading volume remained elevated as traders anticipated a bullish breakout above the $0.18 resistance level. DOGE’s 14-day performance of 11.9% was among the highest across the top 20 cryptocurrencies, reflecting positive momentum after lagging during the broader April rally.

21Shares DOGE ETF Filing Could Spark Billions in Inflows

On Monday, Nasdaq submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the 21Shares Dogecoin ETF.

This followed an S-1 registration filed by asset manager 21Shares on April 10, in partnership with House of Doge, the Dogecoin Foundation’s corporate arm.

The fund will track the CF DOGE-Dollar US Settlement Price Index, and hold DOGE directly — without using leverage, derivatives, or synthetic products. Coinbase Custody Trust has been named as the official custodian.

This filing comes just days after the SEC delayed its decision on altcoin ETF applications to June 15. While no DOGE ETF has yet been approved, market watchers are already speculating on the potential impact.

Dogecoin Price Prediction If It Gets 30% – 50% Of Bitcoin ETF Inflows

Since their January launch, U.S. spot Bitcoin ETFs have absorbed over $40 billion in net inflows, according to latest data culled from Farside.

If a DOGE ETF captures even 30% to 50% of that figure, the potential inflow could range from $12 billion to $20 billion.

At current market conditions, Dogecoin has a market cap of $24 billion. An injection of $12 billion to $20 billion could more than double the total market capitalization, assuming similar trading dynamics and demand pressure as BTC.

That implies a theoretical DOGE price target between:

$0.34 at $12 billion inflow.

$0.50 at $20 billion inflow

Such an increase would reflect 95% to 190% upside from current DOGE prices.

What’s Next: SEC Decision Timeline And Market Implications

With the SEC’s June 15 deadline for Bitwise’s DOGE ETF and Nasdaq’s 21Shares DOGE ETF application now pending, traders and institutions will be watching closely.

If either ETF gains approval, DOGE could quickly transition from a meme asset to a regulated financial instrument, opening access to institutional capital, retirement accounts, and RIA-managed portfolios.

ETF flow data from April shows that Bitcoin ETFs recently set new records for single-day inflows $936.5 million on April 22 alone, followed by $917 million on April 23.

Dogecoin ETF flows, if approved, would likely follow a similar trajectory with Bitcoin. Enthusiasts suggest Dogecoin ETF inflows could surpass expectations due to DOGE’s pop culture status, high retail engagement, and wide exchange availability.

If Dogecoin ETF inflows reach even a fraction of Bitcoin ETF levels, DOGE could trade between $0.34 and $0.50 in the medium term.

An approval verdict from the SEC would not just be a short-term bullish catalyst for DOGE price action, but it could also solidify memecoin adoption in traditional finance.

Frequently Asked Questions (FAQs)

1. What is driving the recent Dogecoin price recovery?

Dogecoin (CRYPTO: DOGE) prices surged by 2.3% over the last 24 hours as speculation around a possible Dogecoin ETF increased following Nasdaq’s official filing to list the 21Shares (OTC:TWMCF) 21Shares DOGE ETF.

2. What is the 21Shares Dogecoin ETF?

The 21Shares Trust - Bitcoin ETF