{"id":10206,"date":"2025-01-29T04:32:08","date_gmt":"2025-01-29T04:32:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10206"},"modified":"2025-01-29T04:32:08","modified_gmt":"2025-01-29T04:32:08","slug":"bitwise-files-for-dogecoin-etf-as-musks-doge-initiative-roils-markets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10206","title":{"rendered":"Bitwise Files for Dogecoin ETF as Musk\u2019s DOGE Initiative Roils Markets"},"content":{"rendered":"<div>\n<p>Bitwise has just filed for a Dogecoin ETF, and despite pre-FOMC anxiety, Elon Musk\u2019s DOGE maneuvers are still anticipated to boost DOGE price.<\/p>\n<p><span style=\"font-weight: 400;\">Dogecoin <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke-width: 0.65 !important;\n    }<\/p>\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"doge-dogecoin\" id=\"coin_widget_id_6799accccf47c\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"doge-dogecoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background:#e0e0e0;\"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"doge-dogecoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"doge-dogecoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> just took another step toward mainstream finance, but the crypto market isn\u2019t reacting as expected amid heightened <\/span><a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/why-is-crypto-down-today-will-crypto-recover\/\"><span style=\"font-weight: 400;\">pre-FOMC anxiety<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitwise officially\u00a0<a class=\"general-link\" href=\"https:\/\/cointelegraph.com\/news\/bitwise-files-spot-dogecoin-etf\" target=\"_blank\" rel=\"noopener nofollow\">filed<\/a> for a Dogecoin ETF with the SEC in a massive move for the largest meme token, signaling growing institutional interest in meme coins.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In theory, this should have been a huge bullish catalyst for DOGE price, but instead, <\/span><a href=\"https:\/\/99bitcoins.com\/news\/dogecoin-price-tumbles-to-2025-lows-when-will-elon-musk-pump-doge-price\/\"><span style=\"font-weight: 400;\">price is down nearly -16%<\/span><\/a><span style=\"font-weight: 400;\"> this week, trading at $0.32\u2014far from its three-year high of $0.475 last November.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To make matters more confusing, Elon Musk\u2019s Department of Government Efficiency (DOGE) initiative has fueled speculation that Dogecoin could influence future blockchain-based government spending.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yet, crypto isn\u2019t even included in X\u2019s upcoming payments system, and institutional sentiment remains shaky. So what\u2019s really going on?<\/span><\/p>\n<h2><b>Market Makers Playing Games as DOGE ETF Approval Inches Closer<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Bitwise\u2019s Dogecoin ETF filing follows its previous Delaware trust registration last week, an early legal step typically taken before an official application.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This mirrors the process followed by Bitcoin and Ethereum ETFs, which eventually saw SEC approval and positioned DOGE <\/span><a href=\"https:\/\/99bitcoins.com\/news\/presales\/sec-solana-etf-decision-could-trigger-sol-price-explosion-best-solana-coin-to-buy\/\"><span style=\"font-weight: 400;\">alongside Solana<\/span><\/a><span style=\"font-weight: 400;\"> as a potential upcoming ETF.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With Trump-era regulators at the helm, speculation is rising that DOGE could be next in line for approval\u2014a massive development allowing institutional investors to gain exposure to Dogecoin through traditional markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, instead of sending DOGE prices soaring, the market is seeing a brutal sell-off. DOGE\u2019s open interest in futures has <\/span><a class=\"general-link\" href=\"https:\/\/decrypt.co\/303202\/dogecoin-open-interest-falls-1-7-billion\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400;\">dropped<\/span><\/a><span style=\"font-weight: 400;\"> by $1.7 billion, now sitting at $3.8 billion\u2014a sharp decline from its record high of $5.5 billion just days ago.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This suggests that leverage traders are unwinding positions, possibly due to market maker manipulations ahead of a big move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Historically, large ETF filings coincide with market-wide liquidity events, where market makers engineer dips to shake out retail traders before accumulation.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: Bitwise just filed for a spot Dogecoin ETF.<\/p>\n<p>Odds a <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$DOGE<\/a> ETF is approved this year shot up to 56%. <a href=\"https:\/\/t.co\/Rg8rI3cNw7\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Rg8rI3cNw7<\/a><\/p>\n<p>\u2014 Polymarket (@Polymarket) <a href=\"https:\/\/twitter.com\/Polymarket\/status\/1884358150754607452?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">With the SEC having 240 days to approve or reject the DOGE ETF, there\u2019s still time for big players to load up at lower prices before potential approval.<\/span><\/p>\n<h2><b>Elon Musk\u2019s DOGE Initiative: Overhyped or a Real Catalyst For DOGE Price in 2025?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">At the same time, Elon Musk\u2019s DOGE initiative is creating mixed signals in the market. The Department of Government Efficiency (DOGE)\u2014a cost-cutting government initiative led by Musk\u2014has sparked speculation that Dogecoin could somehow be integrated into federal financial infrastructure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This idea gained traction after reports surfaced that DOGE officials were considering blockchain technology for government spending transparency.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, there\u2019s zero confirmation that Dogecoin itself is involved\u2014leading to a wave of speculative trading, followed by sharp corrections as reality set in.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, Trump-linked DeFi project World Liberty Financial (WLF) just made another major crypto buy, <\/span><a href=\"https:\/\/decrypt.co\/303220\/move-spikes-on-trump-linked-defi-project-buy-as-musk-doge-rumors-swirl\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400;\">acquiring<\/span><\/a><span style=\"font-weight: 400;\"> $1.9 million worth of MOVE tokens after previously purchasing $47 million in Wrapped Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While this signals increasing crypto activity within Trump-aligned political and financial circles, it doesn\u2019t directly impact Dogecoin\u2014at least not yet.<\/span><\/p>\n<h2><b>The Bigger Picture: What\u2019s Next for Dogecoin in 2025?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Despite the recent dip, the fundamentals for Dogecoin remain stronger than ever amid heightened institutional demand from Bitwise.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Dogecoin ETF approval would provide mainstream exposure, opening the door for hedge funds and institutional investors to accumulate huge swathes of the coin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the FOMC spooking crypto markets, crypto remains in its most bullish market structure ever. So, while Dogecoin, like other altcoins, tends to lag Bitcoin in bull markets, an explosive rally could still be ahead.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$DOGE<\/a><\/p>\n<p>long targeting the range high <\/p>\n<p>Let&#8217;s see <a href=\"https:\/\/t.co\/lz70gpK69r\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/lz70gpK69r<\/a><\/p>\n<p>\u2014 Kastoshi (@Kastoshi1) <a href=\"https:\/\/twitter.com\/Kastoshi1\/status\/1884304009726681141?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Right now, Dogecoin\u2019s price action looks like a textbook liquidity event\u2014a combination of ETF speculation, Musk-fueled rumors, and broader market FOMC jitters leading to a sharp sell-off before a potential rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The DOGE ETF has a legitimate path to approval, and if Musk integrates even the slightest Dogecoin functionality into his ventures, FOMO could return fast. So, for now, DOGE is down\u2014but definitely not out.<\/span><\/p>\n<p><b>EXPLORE: <\/b><a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\"><b>15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/b><\/a><\/p>\n<p><a href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitwise-files-for-dogecoin-etf-as-musks-doge-initiative-roils-markets\/\">Bitwise Files for Dogecoin ETF as Musk\u2019s DOGE Initiative Roils Markets<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise has just filed for a Dogecoin ETF, and despite pre-FOMC anxiety, Elon Musk\u2019s DOGE maneuvers are still anticipated to boost DOGE price. Dogecoin Price Volume in 24h Price 7d just took another step toward mainstream finance, but the crypto market isn\u2019t reacting as expected amid heightened pre-FOMC anxiety. Bitwise officially\u00a0filed for a Dogecoin ETF [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10206","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10206"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10206\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}