TLDR
- 21Shares have joined Bitwise and grayscale in archiving for an American place Dogecoin ETF
- Current Prediction Markets Show 64% CHANCE FOR DOGE ETF approval 2025
- Dogecoin reached a low at $ 0.13 on April 7, 2025, the lowest since October 2024
- Election investors have sold approximately 1.32 billion Dogge -tokens (worth $ 190 million) in recent days
- 21 Shares launched a Dogecoin ETP on the six Swiss exchange and collaborates with House of Dog
Dogecoin has experienced significant price vollatility in recent weeks, with the popular Meme Cryptocurrency that fell to $ 0.13 on April 7, 2025, its lowest level since October 2024. This price decline comes as large holders, known as “whales”, has sold large quantities of Doge in the middle of a wider market insight.
The latest sale of choice of choice of choice of approximately 1.32 billion Doge-tokens, valued at approximately $ 190 million, for just a 48-hour period. This massive liquidation has created downward pressure on Dogecoin’s price, which is currently about $ 0.15 after a recently recovered 9%.
Despite the current market challenges, the institutional interest in Dogecoin seems to grow. On April 9 left 21 shares a Archiving to US Securities and Exchange Commission (SEC) Request approval to start a Dogecoin site ETF. This makes 21 Shares the third company to join the race for an American place Dogecoin ETF, following previous applications of grayscale and bit during Q1 2025.
ETF -approval Odds and Market Eentiment
Prediction markets are currently pricing a 64% chance for Dogge ETF approval 2025, down from 75% odds as forecasts by Bloomberg ETF analyst James Seyffart and Eric Balchunas back in February. The approval of a Spot Dogecoin ETF can potentially attract institutional investors and provide a catalyst for price recycling.
The marketing position around Dogecoin remains mixed. Digger workers have gathered Dogge since March and increased its holding from 831 million to 907 million tokens. This accumulation contrasts with their sales activity between December and February.
However, social volumes and active user measurements remain dampened, which indicates that retail investors have shown a limited interest in Meme Cryptocurrency during the latest market decline.
The largest wallet owners, those who own over 1 billion Dogge, have continued to dump their symbols since December. This sales pressure from large holders can limit Dogecoin’s recovery potential in the short term.
New ETP launch and institutional development
In a separate development, 21Shares announced a partnership with the House of Doge, the Dogecoin Foundation business arm, to start a Dogecoin ETP in Europe. The product is now traded on the six Swiss exchange under the ticker symbol “Dogge.”
The recently launched ETP provides both institutional investors and retail investors a regulated product that allows them to obtain exposure to Dogecoin through traditional financial channels. ETP is physically supported, which means it is actually Doge Tokens as its underlying asset.
For its proposed US ETF, 21Shares has once again collaborated with House of Doge, which will help market the fund. Coinbase will act as the fund’s guardian.
Technical analysis and price views
On the price diagrams, Dogecoin has deleted all the profits made during the US election period and has returned to November levels of about $ 0.15. This price level served as support in March, but it remains to be seen if it will last during the second quarter of 2025.
Some technical analysts see positive characters in the latest price measure. Crypto analyst Kevin Capital identified a raisy divergence on the daily time frame, which could potentially lead to a positive reversal. Another analyst, Trader Tarigigrade, suggests that Dogecoin has undergone a “spring” of Wyckoff accumulation, indicating that an upward trend could soon begin.
If the Support level of $ 0.15 fails to keep, Dogecoin may potentially drop to $ 0.10 or even $ 0.06. Conversely, if Bulls regains market moments, they would have to recover the 200 daily sliding average over $ 0.25 to create a more positive trend.
The Cryptocurrency market as a whole has shown some signs of recovery following Donald Trump’s announcement of a 90-day break on mutual customs duties, which has resulted in some relief to risk resources including crypto courses.
In the coming months, it will be crucial for Dogecoin as market participants carefully monitor electoral behavior, ETF development and wider market conditions to determine the course of the MEME coin for the rest of 2025.
