Dogecoin ETF delayed – Yet, bulls aren’t backing down – Why?
Only the ETF is on hold. The excitement is clearly not!
Key takeaways
Dogecoin has jumped nearly 20% as big investors load up ahead of the first U.S. Dogecoin ETF. Even with a short delay, hype is growing fast, and whale activity is picking up. If momentum holds, DOGE could soon hit $0.30.
Dogecoin [DOGE] is back in the spotlight. The memecoin jumped nearly 20% in the past week and was trading at$0.26, at press time.
Meanwhile, institutional buyers piled in, building positions ahead of the first U.S. Dogecoin ETF.
While the launch has been delayed to next week, demand hasn’t cooled.
ETF delay increases hype
Anticipation for the first U.S.-listed Dogecoin ETF is running high, even with a slight delay.
Asset manager Rex-Osprey is preparing to launch the fund under the ticker DOJE, giving traditional investors a direct way to ride DOGE’s price action.
Bloomberg’s senior ETF Analyst Eric Balchunas called it a standout product, an ETF “that has no utility on purpose.”
While the debut was pushed back, Balchunas noted on X (formerly Twitter) that trading will likely begin mid-next week.
For now, the wait seems to be adding to the buzz, with investors treating the delay as part of the build-up.
Whales power DOGE’s breakout run
At press time, Open Interest in Dogecoin derivatives has climbed past $2.28 billion, while Funding Rates have remained positive. Traders are piling into leveraged longs.
Whale transactions also have spiked alongside DOGE’s rally, proving aggressive accumulation.
On the 11th of September, two massive transfers totaling nearly 345 million DOGE (over $85 million) left Robinhood wallets for unknown addresses.
This kind of activity has amplified excitement ahead of the ETF launch.
Institutional players aren’t waiting for the official debut to take positions. If momentum holds, DOGE could extend gains.
DOGE still has room to run
Dogecoin’s daily chart showed strong bullish momentum, with price holding at $0.26 after a clean breakout.
At the time of writing, the Relative Strength Index (RSI) had risen to 66, indicating bullish momentum while still allowing room for further upside before signaling overbought conditions.
Meanwhile, the On-Balance Volume (OBV) continued to trend upward, confirming that the rally is driven by sustained buying interest rather than speculative spikes.
If this momentum holds, DOGE could push toward the $0.28-$0.30 zone in the near term. However, we should probably keep an eye on RSI cooling off, as any sharp pullback could trigger quick profit-taking.
For now, the setup looks strong, and the ETF buzz is clearly fueling the move.
