Important points
- Bitwise launches new Dogecoin spot ETF.
- Bitwise makes great use of Section 8(a) to speed up the process.
- DOGE prices fell after a temporary spike.
- Profit taking affected DOGE’s price.
- Traders need to pay attention to the news of ETF launch.
A Dogecoin spot ETF with the ticker symbol BWOW could be launched soon under the watchful eye of Bitwise. In a smart move, Bitwise took advantage of Section 8(a)’s automatic approval rules. This allows Bitwise to market ETFs unless the SEC applies (securities and exchange commission).
What will be the impact if this ETF is approved? We take a look at this issue by dissecting the opinions of industry experts and analysts.
Growing interest in meme coin ETFs
BWOW may not be the first Dogecoin ETF on the market. Another financial asset management company, Rex Osprey, had released the first Dogecoin ETF under the ticker symbol DOJE. This launch took place in September 2025. This was an important move as it allowed Memecoin to enter the ETF space for the first time.
When a multi-million dollar giant named Bitwise enters the ring, the atmosphere gets quite tense. Increased interest from institutional investors is a good thing and will likely lead to very strong competition. All this translates into one fact: digital assets are gradually being adopted by institutional investors and moving into mainstream finance.
what’s happening in the background
Bitwise has been considering implementing the Solana, Litecoin, and Hedera ETF since it debuted on Wall Street last week. meme coin Put it into the equation. This came as a surprise to many industry experts, as the institutional adoption of meme coins was fundamentally different from what has happened in the past.
Many asset management companies are now following in Bitwise’s footsteps, as Section 8(a) allows them to ramp up quickly. Grayscale has revised its DOGE Spot ETF application.
However, all was not well in the normal market as prices diverged rapidly. When this news first came out, DOGE made a slight comeback. This comeback piqued the interest of whales who sold large amounts of their holdings, causing prices to fall despite the possibility of an ETF launch scenario.
Profit-taking has hit DOGE prices. On the day, the stock fell 2.4% to $0.1634. This is an important issue as support was set at the $0.167 mark. DOGE easily broke through this support, leading to the formation of consistent lows.
However, the most rapid price change occurred at 15:00 GMT. At this point, trading volume skyrocketed to 793.4 million DOGE. This was a 150% increase in sales volume above average. This caused DOGE price to fall to $0.1590.
$0.1639 became a serious resistance point as it blocked multiple rebound attempts.
Things to watch out for as ETF sentiment increases
DOGE is currently in a critical situation. The key support levels should hold between $0.1575 and $0.1615. ETF-driven sentiment could gain momentum. However, traders should also pay attention to other market factors.
In the case of DOGE, a 20-day delay could be a significant deal blocker. The SEC could intervene at any time, especially since this issue concerns yet another spot meme coin ETF.
This 20-day countdown can act as a volume booster. However, technical indicators also have another meaning. The key resistance provided by the $0.1674 level will need to be crossed to express sufficient confidence in the ETF sentiment.
Despite strong ETF momentum, DOGE’s potential ability to form a bull market could be halted by mid-November if whales with large capital sources under their control begin to shed.
final thoughts
Pending SEC approval, a bypass path was opened in the form of Section 8(a). However, the 20-day waiting period remains a risk zone. If the SEC introduces significant amendments in the coming days, the chances of a Bitwise DOGE Spot ETF being launched will increase.
However, even though the news about the launch caused a slight bullish rally, the whales got involved and prices fell. Therefore, traders should remain cautious in the coming days. If large amounts of wallets are leaked, the market could change direction. Therefore, for now, the best option is to rely on technical indicators to ensure that DOGE does not break any further major support levels.
Also read: $5.2 billion in Bitcoin and Ethereum options expire today. Predict volatility
