DOGE ETF Likely This Week: Santiment Predicts 93% Chance for $DOJE Approval

Sean Williams
Dogecoin (DOGE)

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  • Santiment analyst predicts 93% chance of Dogecoin ETF approval this week.
  • $DOJE would expand DOGE access for US and institutional investors.
  • Crypto ETFs face outflows, but Dogecoin’s ETF could renew optimism.

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A bold prediction from Santiment analyst Brian Q. has set the Dogecoin community abuzz, as he claims the long-awaited REX-Osprey Dogecoin ETF ($DOJE) has a 93% chance of approval this week. If confirmed, this would mark the first-ever exchange-traded fund tied to the meme-inspired cryptocurrency, opening the door for both retail and institutional investors to gain exposure to DOGE through traditional finance channels.

Dogecoin ETF Could Ignite Fresh Momentum

The proposed ETF, jointly launched by REX Shares and Osprey Funds, would make DOGE more accessible to US investors. Currently priced at $0.24 with a $36.4 billion market cap and $3.8 billion in daily trading volume, Dogecoin has already climbed 4% in the past 24 hours. Analysts suggest that approval of the $DOJE ETF could trigger renewed bullish momentum for the market’s most recognized meme coin.

The REX-Osprey “40 Act” Shortcut

Brian Q. pointed out that the firms are utilizing the Investment Company Act of 1940 (“40 Act”) as a streamlined path to approval. This framework requires greater transparency and limitations on risky investment practices, potentially giving regulators more confidence in approving such products. Notably, REX-Osprey has already succeeded with its Solana ETF ($SSK), which attracted $195 million in net inflows, according to Farside Investors.

Also Read: Dogecoin [DOGE] Accumulation Signals Point to $0.30 Retest Soon

ETF Market Faces Headwinds

Despite the excitement around Dogecoin, the broader crypto ETF market is under pressure. Spot Ethereum ETFs have now seen six consecutive days of outflows, totaling nearly $97 million on September 8 alone. Meanwhile, spot Bitcoin ETFs experienced $380 million in outflows earlier last week before bouncing back with $364 million in inflows on September 8. The overall crypto market cap remains under the $4 trillion threshold, weighed down by heavy selloffs in BTC, ETH, and major altcoins.

If approved, the $DOJE Dogecoin ETF could mark a turning point for meme coin adoption in traditional finance, providing both credibility and new liquidity for DOGE. While the crypto ETF sector is currently facing turbulence, a green light for Dogecoin could inject optimism back into the market and reinforce DOGE’s position as more than just a meme.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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