Dogecoin (DOGE) extended its rally this week, gaining nearly 20% as institutional buying and anticipation of a US-listed exchange-traded fund (ETF) fueled optimism among investors.
Despite still trading well below its all-time high, enthusiasm around CleanCore Solutions’ large DOGE purchase and a potential ETF debut has brought fresh momentum to the original meme coin.
ETF Delay Heightens Anticipation
A Dogecoin ETF under the ticker DOJE, managed by Rex-Osprey, is expected to give traditional investors direct exposure to DOGE’s price movements. However, Bloomberg Senior ETF Analyst Eric Balchunas noted that the launch, originally expected this week, has been delayed
until September 12.
“Another delay. Launching next week. Mid week. Prob Thur.,” Balchunas wrote on X, pointing to a likely start on Thursday.
Update Part 3: Another delay. Launching next week. Mid week. Prob Thur. https://t.co/Lzk2pCVo0E
— Eric Balchunas (@EricBalchunas) September 11, 2025
Prediction markets reflect this growing anticipation. According to data from Myriad, a prediction platform run by Decrypt’s parent company Dastan, traders now assign a 66.6% probability that DOGE will hit $0.30 rather than fall to $0.15, up 15% from the previous week.
CleanCore’s $125M Bet Boosts DOGE
Dogecoin’s rally was amplified by institutional interest from CleanCore Solutions (NYSE American: ZONE), which disclosed two large DOGE purchases, raising its total holdings to over 500 million DOGE worth more than $125 million.
CleanCore has partnered with the Dogecoin Foundation’s commercial arm, House of Doge, to position DOGE as a reserve asset while expanding its role in payments, tokenization, and staking-like products. Reflecting this bullish strategy, ZONE’s stock gained about 6% this week and has surged over 200% year-to-date.
Market Outlook
DOGE’s weekly rally pushed prices to about $0.25, the highest since mid-August, according to CoinGecko. Among the top ten cryptocurrencies, excluding stablecoins, Dogecoin’s performance was unmatched.
Still, DOGE remains far below its 2021 all-time high of $0.73. Whether ETF approval and institutional inflows can sustain long-term growth is the key question facing investors.
As institutional demand builds and mainstream financial products expand access, Dogecoin’s evolution
The conversion of a meme token into a recognized digital asset continues to gain momentum.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
