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- DOGE jumped 8–11% as institutional inflows and trading volume surged.
- 21Shares updated its TDOG ETF filing, boosting market confidence.
- Futures open interest and momentum indicators point to potential further upside.
Dogecoin (DOGE) is showing new signs of strength after a surge in institutional activity pushed the popular meme coin up more than 8% on the day. Trading volume jumped to $1.37 billion, marking one of the asset’s most active sessions in weeks and signaling renewed demand from both retail and professional traders. The move comes as 21Shares pushes ahead with updated filings for its proposed TDOG spot ETF, adding fresh fuel to market optimism.
Institutional Inflows Lift DOGE Above Resistance
Dogecoin’s latest rally was powered by a sharp rise in institutional inflows, helping the token finally break through a key resistance zone that has capped upside attempts throughout November. Analysts noted that momentum indicators aligned with the move, pointing to a healthier setup than recent weeks.
The broader meme-coin market also saw a lift as investors responded to growing expectations that U.S. regulators may approve more crypto ETFs in 2026. For DOGE, the catalyst was clear: renewed confidence that a regulated investment vehicle could soon open the door to significantly larger capital flows.
21Shares Updates Its Dogecoin ETF Filing
The most notable development came from 21Shares, which updated its spot Dogecoin ETF application with the U.S. Securities and Exchange Commission. The filing outlines a 0.50% management fee—calculated daily and paid weekly in DOGE—and confirms key service providers, including:
- BNY Mellon for administration and cash custody
- Anchorage Digital Bank and BitGo as additional custodians
- Wilmington Trust as trustee
- Foreside Global Services for distribution
- Cohen & Company for accounting
Once approved, the ETF will trade on Nasdaq under the ticker TDOG, tracking the CF Dogecoin-Dollar US Settlement Price Index. Previous filings showed that 21Shares intends to seed the fund with $1.5 million in DOGE, giving it solid footing at launch.
Market Response Suggests Traders Anticipate More Upside
DOGE’s price reaction was immediate. The token climbed more than 11% in the past 24 hours, briefly breaking above $0.15 as trading activity surged 32%. Despite still trading below its 50-day and 200-day moving averages, DOGE’s break above trendline resistance and an RSI moving toward 45 indicate growing momentum.
Open interest in Dogecoin futures also rose more than 8% to $1.5 billion, with Binance, OKX, and Bybit all reporting increased positioning. The data suggests traders are preparing for more volatility—and potentially more upside—if the TDOG ETF continues progressing toward approval.
Also Read: Uniswap Unlocks Access for 40M+ Revolut Users as Fiat-to-Crypto On-Ramps Go Live
Dogecoin’s jump reflects rising institutional confidence and renewed market interest as ETF developments accelerate. With 21Shares moving closer to a spot DOGE product and trading activity climbing across markets, the meme coin’s outlook is gaining strength heading into 2026
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.
