DOGE ETF trading has started in the USA: the meme has become an official asset of Wall Street

The cryptocurrency market has rewritten history again. In the USA, trading began on the world’s first DOGE ETF, an exchange—traded fund backed by Dogecoin tokens. This step came as a surprise even to the most optimistic supporters of the meme coin and has already caused a wave of discussions not only in the crypto environment, but also in traditional financial markets.

Meme on the New York Stock Exchange

Dogecoin started as a joke in 2013, when two developers decided to beat the popular shiba inu dog meme. A decade later, the “joke” asset became part of the US stock market. DOGE ETF trading has officially launched, and now any investor who has opened a brokerage account can invest in DOGE through a regulated instrument.

The launch itself was accompanied by a surge of interest: in the first few hours, the fund showed a turnover of over $300 million, which is comparable to the start of trading of the Bitcoin ETF at the time.

Why is this important?

• Institutionalization of the meme coin. Previously, Dogecoin was perceived solely as a speculative instrument, but now it has been assigned the status of an asset available in a regulated format.
• The influx of new capital. The ETF opens doors for investors who are not ready to directly buy cryptocurrency and store it on wallets.
• A precedent for other “altos”. The launch of the DOGE ETF may be a signal for the market: in the future, applications for ETFs for other top tokens, including Solana or XRP, are possible.

Market reaction

After the announcement of the start of trading, the price of DOGE jumped sharply by 18% per day, updating the monthly maximum. Trading volumes on spot exchanges have also more than doubled.

At the same time, analysts warn that there is a high probability that part of the pump is associated with a “news hype”, and in the coming days the market may enter a correction phase.

What to expect next?

1. The growth of legitimacy. The launch of the DOGE ETF pushes regulators to consider the crypto market no longer as a “wild field”, but as part of the financial system. This can speed up the approval of new products.
2. The interest of the institutionals. Although Dogecoin does not have sophisticated technology, it has a strong brand and an army of supporters. Institutional investors can use the DOGE ETF as a tool for diversification.
3. Increased volatility. Memecoins have always been characterized by sharp movements. Now, with the participation of funds and retail, swings can become even stronger.
4. Possible launch of options and futures on DOGE. If interest persists, the Chicago Mercantile Exchange (CME) may introduce derivatives, further strengthening Dogecoin’s position.
5. A new round of HYPE. The community is already discussing that the next step will be an “ETF for Shiba Inu” or even for other meme coins.

Main risks

• The lack of a fundamental. Dogecoin is still a meme coin without a serious technical base. Its value is based on the community and the media.
• Hype addiction. Any drop in interest or news can bring down quotes dramatically.
• Manipulation. Strong players can use ETFs to create artificial waves of growth and decline.

Result

The launch of the DOGE ETF is a landmark event that transforms meme coins from the category of Internet jokes into a real financial instrument of Wall Street. On the one hand, this confirms that cryptocurrencies have finally gained a foothold in the global economy. On the other hand, it reminds us that the market is still full of paradoxes: an asset without a fundamental becomes part of the portfolios of institutions.

What will happen next? In the short term, we should expect high volatility and speculative interest. In the long term, the DOGE ETF can become a bridge for new cryptocurrency funds to enter the market. And Dogecoin will finally secure the status of “the meme that defeated the system.”

Is it worth buying?

If you believe in the continuation of the wave of ETF recognition and institutional interest, buying DOGE is possible. Risky? Yes. However, with the right strategy (small fraction, stop loss, exit signals), the potential for short-term growth in the $0.45–0.60 zone looks realistic.

For the aggressive, a more daring scenario at $1-1.40 is also possible, but only with steady volume from the ETF and the continuation of the general hype.

If you decide to enter, it is better to wait for a small correction and take a position with risk management.