Dogecoin (DOGE) Price: Grayscale ETF Launch Expected November 24

TLDR

• Grayscale’s Dogecoin ETF could launch on November 24 according to Bloomberg analyst Eric Balchunas
• The firm filed S-1 registration and 19b-4 application using the traditional SEC approval route
• REX-Osprey already launched a Dogecoin ETF in September using a faster 1940 Act structure
• DOGE currently trades near $0.155 with a $23.09 billion market cap, ranking 10th by market capitalization
• Dogecoin faces resistance at $0.171 while defending support at $0.150

Grayscale is advancing toward the launch of its Dogecoin ETF through a traditional regulatory approval process. Bloomberg ETF analyst Eric Balchunas stated the product could reach the market on November 24.

The firm filed an S-1 registration statement for the Dogecoin Trust on August 15, 2025. This marked the first step in converting the trust into an exchange-traded fund under the proposed ticker GDOG.

Grayscale submitted its 19b-4 application with NYSE Arca on January 31. This filing requests permission to list GDOG shares on the exchange. Both filings follow Securities Act of 1933 requirements and need direct SEC approval before trading can begin.

This approach differs from the method used by REX-Osprey. That issuer brought the first Dogecoin ETF to market using the Investment Company Act of 1940. The REX-Osprey DOGE ETF started trading under ticker DOJE on the CBOE on September 18, 2025.

The 1940 Act structure allows for automatic effectiveness after 75 days if regulators raise no objections. This eliminates the need for explicit SEC approval and speeds up the timeline to market.

Different Structures for Market Access

DOJE does not hold actual Dogecoin in its portfolio. The fund allocates 80% of assets to futures and similar contracts. The remaining 20% goes into U.S. Treasury securities.

A Cayman Islands subsidiary monitors the derivatives positions. This structure provides Dogecoin exposure without direct custody of the cryptocurrency.

Grayscale’s proposed ETF would follow a different model. The traditional approval path requires full SEC sign-off before launch.

Current Market Position

Dogecoin currently holds a market cap of $23.09 billion according to CoinGecko. This places it as the 10th largest cryptocurrency by market capitalization.

DOGE trades near $0.155 after defending the $0.150 support level throughout November. The price remains below the 20, 50, 100, and 200-day exponential moving averages.

Coinglass data shows $2.31 million in net inflows on November 18. This breaks a week-long streak of outflows from the ecosystem.

The cryptocurrency faces resistance at $0.171. A daily close below $0.150 would expose lower support levels at $0.145 and $0.130.

Short-term charts show price attempting to hold above the volume-weighted average price at $0.15380. The relative strength index recovered toward 52 after touching oversold conditions earlier.

Dogecoin remains inside a downtrend channel with sellers maintaining control. The market has failed to form higher lows since late October.

Growing ETF Landscape

Other cryptocurrency ETFs continue to enter the market. Canary Capital launched the first spot XRP ETF. VanEck unveiled a Solana ETF in the United States with a zero-fee structure.

These products expand options for investors seeking exposure to digital assets through regulated funds. Grayscale’s GDOG would become the second Dogecoin-linked ETF product in the United States.

DOGE’s liquidity and active derivatives market remain key factors as issuers pursue ETF approvals. The cryptocurrency’s market depth supports multiple product structures for institutional access.

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