Dogecoin gets a leg up: Grayscale ETF gives memecoin a Wall Street tailwind

Dogecoin started the week in the green, defying its reputation for moving mostly on memes and tweets. This time, the bump is tied to something tangible: anticipation around the debut of Grayscale’s Dogecoin ETF on the New York Stock Exchange.

The recently launched Rex-Osprey fund also posted stronger-than-usual first-day trading volume back in September, showing that investors still have an appetite for canine-themed financial products — provided they come wrapped in an ETF prospectus. Analysts noted short-term price swings remain possible depending on inflows, proving that even in regulated wrappers, memecoins can still behave like, well, memecoins.

The market’s upbeat mood helped smooth over chatter about the disbanding of the Department of Government Efficiency, which happens to share the same initials as Dogecoin. The coincidence — and the fact that both DOCGE and Dogecoin ( DOGE ) had loose ties to billionaire Elon Musk — briefly spooked social media. But investors decided the fate of a federal office was not a key determinant in memecoin valuation. See below.

Source: CoinGekco

What AI says…

Finbold even consulted OpenAI’s ChatGPT-5 model for year-end 2025 price forecasts, a sign of just how many people want someone — or something — to explain Dogecoin’s future.

The AI offered a sensible middle path: DOGE will most likely end 2025 in a moderate price range, assuming the broader crypto market rallies modestly. In short: Dogecoin may be powered by memes, but it still obeys gravity.

A stronger crypto bull cycle mixed with good old-fashioned internet enthusiasm could push prices higher, the model noted. On the other hand, weak institutional demand, a sluggish ETF market, or a broader downturn could send the token lower — proving that even machines hedge when predicting Dogecoin.

Grayscale’s spot Dogecoin ETF, GDOG , went live on Nov. 24, while 21Shares is expected to launch its own Dogecoin ETF product in the coming weeks. Analysts say the products will offer retail investors easier and more “legitimate” exposure to DOGE.

ETF specialist Nate Geraci even called the approval “highly symbolic,” adding that some people might laugh — though perhaps fewer than when Dogecoin first started as a joke in 2013.

Meanwhile, technical indicators remain mixed. Dogecoin has bounced from a key Fibonacci level and the RSI is nearing oversold territory, but it still trades below both short- and long-term moving averages. The MACD histogram also shows negative momentum.

For now, the rally appears driven mostly by ETF excitement. Whether it lasts may depend on what usually moves Dogecoin: market cycles, investor sentiment — and maybe the occasional unexpected cameo from the world’s most unpredictable billionaire.