The launch of spot exchange-traded funds (ETFs) tracking Dogecoin in the United States was met with muted enthusiasm. Inflows into Grayscale and Bitwise’s ETFs were limited in their first week of trading, despite the hype around the first-ever Dogecoin ETFs. But even as ETF inflows sputter, some technical analysts argue that DOGE might still undergo a strong price rally, possibly all the way to $1, if important support levels hold.

Spot DOGE ETFs Off To A Slow Start

When Grayscale rolled out its Spot DOGE fund (GDOG) on November 24, inflow volume clocked in at just about $1.8 million on the first day, far below the estimates some market participants had forecasted. For example, Eric Balchunas, senior ETF analyst at Bloomberg, predicted that the ETF will witness a $12 million volume on the first day of trading.

According to data from SoSoValue, net inflows across the DOGE ETFs by Grayscale and Bitwise added up to just over $2.16 million over the course of the initial trading week. This shows that institutional and retail investors are somewhat cautious when it comes to investing in the meme cryptocurrency. 

This is in contrast to the strong opening inflows seen by other altcoin ETFs, such as those for Solana (SOL) and XRP which were launched in the past few weeks. Furthermore, the lackluster uptake has raised doubts about whether the ETFs will ignite the kind of renewed interest in DOGE that some backers hoped for.

Technical Outlook Suggests Bullish Potential To $1

Even though ETF demand is currently tepid, multiple technical outlooks point to a potentially more optimistic outcome for Dogecoin. One technical outlook from crypto analyst Ali Martinez identifies key support at roughly $0.08, with resistance around $0.20. This support level harkens back to a time when DOGE dipped below $0.10, before launching into a multi-month rally to $0.50 after the US elections.

Dogecoin Key Price Levels. Source: @ali_charts On X

More bullishly, a multi-week technical breakdown done by crypto analyst XForceGlobal suggests that DOGE might be wrapping up a long-term corrective phase and positioning for a fifth wave, which is a powerful upward impulse according to the Elliott Wave Theory. That wave could push prices well beyond current levels, with intermediate targets potentially between $0.33 and $0.50, and a longer-term stretch to $1.

Similarly, crypto analyst Trader Tardigrade believes Dogecoin has dropped back onto the same long-term support zone that previously led to major rallies, calling it the launch pad for the next big move. His weekly chart highlights how Dogecoin’s price action has repeatedly bounced from this ascending trendline, producing gains of more than 80%, 210%, and even over 440% since October 2023. 

Dogecoin Technical Analysis. Source: @TATrader_Alan On X 

The analyst says the pattern is intact once again, and if the support at $0.15 holds, Dogecoin could follow the same structure into a larger expansion phase. Based on his projection, that continuation would give Dogecoin enough momentum to make a gradual 610% climb to $1 by 2026.

At the time of writing, Dogecoin is trading at $0.15 and is close to either rebounding or breaking below the support.

Featured image from Unsplash, chart from TradingView

Dogecoin’s highly anticipated ETF debut has taken an unexpected slow turn. What began as a strong opening for the new GDOG fund quickly faded as inflows collapsed in dramatic fashion. The launch was expected to give Dogecoin a meaningful boost by opening the door for fresh institutional participation. Instead, the opposite has happened, and the Dogecoin ETF has seen its inflows collapse by 80%.

Spot Dogecoin ETF Just Suffered An 80% Crash In Inflows

The launch of Grayscale Investments’ first-ever spot Dogecoin ETF under the ticker GDOG was hailed as a monumental moment, the first time Dogecoin would be accessible to everyday investors through a traditional brokerage. On November 24, 2025, the product went live on the NYSE Arca, converting Grayscale’s existing DOGE trust into a publicly traded ETF.

However, just 48 hours after launch, the excitement appears to have cooled down. Although the first day reportedly pulled in roughly $1.8 million in inflows, the second day saw only about $365,420, a collapse of about 80% in early momentum. This has pushed the cumulative net inflows to around $2.16 million, but this is a modest figure for what many expected would be a major catalyst for Dogecoin.

Expectations for GDOG were high. Observers pointed to prior early inflow successes with crypto ETFs, notably those for Bitcoin, Ethereum, and more recently Solana, which collectively helped push capital inflows at a large scale.  To put this into comparison, Spot Solana ETFs, which first went live on October 18, raked in $117.39 million in inflows in the first two days of trading. The recently launched Spot XRP ETFs also saw inflows of $243.05 million on their first day of trading.

 According to data from SoSoValue, Dogecoin ETF trading volume for the first day was just $1.41 million, far below many projections. The momentum faded even faster on day two, with volume falling by roughly 78% to $397,620.

What It Means for DOGE And The Meme-Coin Space

The soft start of GDOG raises questions about whether meme coins like DOGE can truly thrive under traditional financial frameworks. On one hand, the ETF listing is a milestone: a token born as a joke is now trading alongside traditional assets on major exchanges. On the other, the weak capital flows hint at limits to demand among institutional investors. 

However, it is still too early to conclude. The long-term relevance of DOGE ETFs can only be judged once the market has had time to digest these new products. A successful DOGE ETF could open the door to other meme-coin funds (some suggest even an ETF for Shiba Inu may follow).

In addition to Grayscale, other asset managers have Spot Dogecoin ETFs lined up and ready to hit the market. Bitwise launched its Dogecoin ETF on Wednesday following Grayscale’s debut, but early inflow numbers are yet to come in. The asset manager noted they weren’t expecting to launch this product but are only doing so because the DOGE community requested it.

• Grayscale has listed its Dogecoin spot ETF in the United States.
• GDOG will trade on the NYSE Arca, and analysts expect $12 million in debut volume.
• The ETF, which tracks the leading memecoin, is one of many expected in the coming days.

Cryptocurrency asset manager Grayscale has launched the first spot Dogecoin exchange-traded fund in the United States.

The spot ETF, which began trading on the NYSE Arca under the ticker ‘GDOG’ on November 24, 2025, marks another milestone in the crypto market – particularly for memecoins.

GDOG marks the next step as more ETFs come to the US market, says senior ETF analyst Eric Balchunas.

Dogecoin spot ETF enters the US market

Grayscale’s Dogecoin spot ETF, GDOG, is live for investors, who can now buy shares of the product via their brokerage accounts.

Structured under the Securities Act of 1933, GDOG is a spot exchange-traded fund that directly holds physical Dogecoin tokens in secure custody rather than relying on derivatives or futures contracts.

Very wow, big excite

Grayscale Dogecoin Trust ETF (Ticker: $GDOG) is here and now available in your brokerage account.

Much $DOGE exposure, such history pic.twitter.com/sAtPXUyzgn

— Grayscale (@Grayscale) November 24, 2025

GDOG will closely track the real-time market price of DOGE.

This means investors have transparent and efficient exposure to Dogecoin, without the complexities of direct cryptocurrency ownership, such as managing private keys or navigating exchange risks.

As it looks to attract early inflows, Grayscale has implemented an aggressive fee structure. The sponsor fee is set at 0.35% annually.

However, it will be fully waived to 0% for the first three months or until the fund reaches $1 billion in assets under management, whichever comes first.

Grayscale’s fee waiver will end on February 24, 2026.

Crypto enthusiasts and analysts predict potential for GDOG to attract both retail and institutional players eyeing the top memecoin.

According to senior Bloomberg ETF analyst Eric Balchunas, the debut performance of GDOG could see a first-day volume of $12 million.

The first spot Dogecoin ETF* in US launches today from Grayscale, ticker $GDOG (sounds like a late '80s one hit wonder rapper). Fee is 35bps but is waived to 0.00% for first 1b or until 3mo. Day One volume predictions welcome. I'm going with $12m. *33 Act pic.twitter.com/QbdLLxejhr

— Eric Balchunas (@EricBalchunas) November 24, 2025

DOGE price and more spot crypto ETFs

The US saw its first spot crypto ETFs launch in 2024, with Bitcoin and Ethereum.

Over the past few months, this offering has increased with the rollout of multiple funds.

Notably, the flurry is expected to accelerate following the SEC’s new listing standard, and could see more added to ETFs on Solana, Hedera, XRP and Litecoin.

Balchunas says GDOG will soon be followed by more, including nearly 100 over the next six months.

The launch comes as Dogecoin trades at $0.14 amid broader market turmoil.

Despite macroeconomic pressures and sector-wide sell-offs, DOGE price could see a bounce to $0.20 and higher in the coming days.

As well as the ETF buzz, other catalysts for DOGE could be a memecoin rally, treasury company purchases and broader altcoin market resilience.

The post Grayscale launches first Dogecoin spot ETF in US appeared first on CoinJournal.

• Dogecoin exchange-traded fund expected on November 24.
• LIBRA decouples as the team buys the Solana dip.
• Shibarium transactions soar 78%, reflecting renewed user activity.

Virtual currencies displayed bearishness today as Bitcoin eyes further dips below $90,000, with altcoins hinting at further declines.

This article highlights tokens stealing the show in the meme token landscape, specifically Dogecoin, LIBRA, and Shiba Inu.

Grayscale’s DOGE ETF nears launch

The original meme cryptocurrency remains on the crypto community’s radar as debates around Grayscale’s anticipated Dogecoin exchange-traded fund surge.

Bloomberg’s ETF analyst Eric Balchunas expects the product to launch on November 24, citing the SEC guidance. He said:

I believe Grayscale will be out with the first Doge ETF in a week, 11/24. We’ll see, won’t be 100% till exchange notice, but based on SEC guidance, it looks good.

Based on 20 day clock I believe Grayscale will be out with first Doge ETF in a week, 11/24. We'll see, won't be 100% till exchange notice, but based on SEC guidance it looks good. pic.twitter.com/mvlGsNyNVG

— Eric Balchunas (@EricBalchunas) November 17, 2025

An approval would mark a breakthrough for Dogecoin and the entire meme market.

While these assets often drive the broader cryptocurrency industry, they have faced increasing criticism as they are hype-driven without intrinsic value.

A Dogecoin ETF will magnify the digital token’s visibility and credibility.

Moreover, regulated use cases will catalyze stable growth for DOGE.

The community expects Grayscale’s Dogecoin exchange-traded fund to launch soon.

Altcoin ETFs have gained traction since Solana, Litecoin, and Hedera started the wave on October 28, with approvals now almost a guarantee.

DOGE is trading at $0.1585 after losing 1.20% and 10% in the past 24 hours and week, respectively.

LIBRA skyrockets 100%

While bears rattled the overall cryptocurrency market, LIBRA decoupled with an explosive 103% surge.

It is one of the few tokens with gains today.

The meme’s sharp jump emerged after revelations that the LIBRA team purchased Solana.

According to blockchain investigator Lookonchain, they spent 61.59 million USDC to purchase 456,393 SOL.

The accumulation signaled confidence in Solana’s performance after the alt dropped nearly 15% the previous week.

Therefore, LIBRA’s rally isn’t organic, and the 60% decline in 24-hour trading volume could testify to that.

The themed token will likely erase its gains in the coming sessions, unless trading activity resurges amid improved broader sentiments.

Shibarium transactions jump 78%

Shiba Inu’s L2 scaling solution Shibarium saw an uptick in transactions recently, signaling renewed user activity.

According to Shibariumscan data, the platform’s daily transactions increased from 2.43K on November 16 to 4.33K within 24 hours – a roughly 78% increase.

This comes after Shibarium experienced reduced activity in early last month, with 24-hour transactions plunging to 1,500 on November 5 – a whopping 88% dip from October 24 peaks.

While the layer 2 records notable recoveries, Shiba Inu’s price continued to underperform.

SHIB lost 10% of its value in the last seven days, now trading at $0.000008856.

The alt remained relatively stable in the past 24 hours, shedding 0.95%.

Its trading volume increased by 17% in that timeframe, indicating trader interest.

Meanwhile, broader sentiments continue to influence the performance of meme cryptos.

Selling pressure dominated the crypto landscape as “Extreme Fear” gripped the market.

Nevertheless, Fundstrat’s Tom Lee expects the market to bottom as soon as this week.

The post Meme coin news: DOGE ETF update, LIBRA rallies 80%, Shibarium transactions skyrocket appeared first on CoinJournal.