Dogecoin (DOGE) Price: Grayscale ETF Launch Expected November 24 as Price Tests $0.15 Support

TLDR

• Grayscale’s Dogecoin ETF could launch November 24 according to Bloomberg analyst Eric Balchunas
• DOGE currently trades near $0.155, defending the $0.150 support zone
• REX-Osprey’s DOJE ETF already trades on CBOE using synthetic exposure through futures
• Coinglass data shows $2.31M in net inflows November 18, breaking a week-long outflow pattern
• Price remains below all major EMAs with resistance at $0.171

Grayscale is advancing toward launching its Dogecoin ETF, with Bloomberg ETF analyst Eric Balchunas suggesting the product could arrive on November 24. The firm filed an S-1 registration statement for the Dogecoin Trust on August 15, 2025, seeking to list under the ticker GDOG.

The company subsequently filed its 19b-4 application with NYSE Arca on January 31. This filing requests permission for GDOG to list shares of publicly traded stock on the exchange.

Grayscale’s approach follows the traditional SEC approval route under the Securities Act of 1933. The fund will not trade until receiving direct approval from the SEC.

This contrasts with REX-Osprey’s strategy for their DOGE ETF. REX-Osprey launched the first Dogecoin ETF under ticker DOJE on September 18, 2025, trading on the CBOE.

Different Regulatory Paths

REX-Osprey used a structure subject to the Investment Company Act of 1940. This framework allows automatic effectiveness after 75 days if regulators raise no objections.

The DOJE ETF holds no actual Dogecoin in its portfolio. Instead, 80% of assets are invested in futures and similar contracts while 20% goes into U.S. Treasury securities.

A Cayman Islands subsidiary monitors the derivatives positions. This structure provides Dogecoin exposure through indirect means while avoiding direct custody requirements.

Dogecoin currently ranks as the 10th largest cryptocurrency with a market cap of $23.09 billion according to CoinGecko. The asset’s liquidity and active derivatives market continue attracting ETF issuers despite strict regulatory standards for spot-based crypto products.

Price Struggles Continue

Dogecoin trades near $0.155 after defending the $0.150 support zone throughout November. The price remains trapped below the 20, 50, 100, and 200-day exponential moving averages, all clustered between $0.17 and $0.21.

Dogecoin Price on CoinGecko

Each attempt to break above these averages has met rejection. The daily chart shows a clear rejection from the descending trendline stretching from early October peaks.

This trendline aligns with the Supertrend indicator, which remains red near $0.189. Price continues drifting lower inside a controlled downtrend channel without forming higher lows.

Coinglass data revealed $2.31 million in net inflows on November 18. While this breaks the pattern of persistent outflows seen across the past week, the broader trend still reflects distribution rather than accumulation.

Short-term charts show initial stabilization signs. On the 30-minute timeframe, DOGE attempts to hold above the VWAP at $0.15380 with RSI recovering toward 52 after touching oversold conditions.

A daily close below $0.150 would expose $0.145, followed by potential drawdown toward $0.130 where the next liquidity pocket sits.

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