Cryptocurrencies opened the week on a positive note. Bitcoin bounced back and crossed eighty seven thousand dollars after dipping to around eighty one point seven thousand on Friday. The market mood improved quickly and one coin that stayed in the spotlight was Dogecoin.

People were excited because the Grayscale GDOG ETF is about to launch on the NYSE Arca. Grayscale posted on X and confirmed that both its GXRP and Dogecoin ETFs will begin trading in less than a day. Many traders and investors are now watching closely to see how this will affect Dogecoin and whether it will bring fresh attention to meme coins.

Bloomberg analyst Eric Balchunas also confirmed that the ETF listing is approved. He expects GDOG to reach around eleven million dollars in trading volume on its first day. This shows that there is real demand for a regulated way to invest in Dogecoin. The news helped Dogecoin stay strong today. The coin jumped almost five percent in the past twenty four hours. This rise was bigger than the overall market which grew about one point one percent and is now valued at almost three trillion dollars.

Grayscale’s new Dogecoin ETF is not the first of its kind in the United States. Osprey Funds and REX Shares already received approval for their own Dogecoin ETFs in September. But Grayscale entering the scene adds more excitement. The company has been expanding its investment products and GDOG is its newest single asset option for investors who want regulation and simplicity.

Grayscale said the ETF gives direct exposure to Dogecoin. This allows both retail and institutional investors to access DOGE without managing wallets or holding the coin themselves. It also helps Dogecoin move beyond its meme image. For a long time the token struggled with attracting serious investors because many felt it lacked real use cases. Now with an ETF it becomes a more formal and regulated financial product. People who were hesitant to buy DOGE on exchanges can now invest through an ETF that fits into traditional portfolios.

Dogecoin’s price climbed from fourteen point two cents to an intraday high near fourteen point eight nine cents in the last day. However DOGE has faced strong selling pressure since it touched thirty two cents in October. The current price is testing an important zone between thirteen point five and fourteen cents. This area usually attracts buyers. With the ETF launching this could trigger renewed interest and help the price bounce upward.

If buyers stay strong DOGE could climb toward the next resistance between fifteen point five and sixteen cents. Heavy trading volume might even push it above seventeen cents then nineteen cents and possibly help it break back above the twenty cent mark. But if the overall market weakens or Dogecoin fails to hold above thirteen point five cents the price could slip further toward eleven point eight cents.