Dogecoin Rises on Tuesday Morning Following Grayscale DOGE ETF Launch on Wall Street
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2025
0mins
Source: benzinga_crypto
Dogecoin Gains: Dogecoin (DOGE) saw a 2% increase in value following the launch of the first spot exchange-traded fund (ETF) tracking the memecoin, with trading volume rising to $1.56 billion.
Market Reaction: Despite the price increase, the derivatives market showed a muted response, with only a 0.96% rise in open interest for DOGE futures.
ETF Launch Details: The Grayscale Dogecoin Trust ETF began trading on NYSE Arca, aiming to reflect the value of DOGE tokens held by the fund, although initial trading volume was low at $1.41 million.
Future Projections: Analyst Clifton Fx identified a bullish falling wedge pattern on DOGE's chart, suggesting a potential 80-90% price rally if an upside breakout occurs in the coming days.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 39.550
Low
Averages
High
Current: 39.550
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
