First U.S. Spot Dogecoin ETF Debuts as Whales Push DOGE Above $0.15
The first U.S. spot Dogecoin ETF debuted Thursday, and DOGE was trading around $0.15 as markets absorbed the news. On-chain and exchange data indicate heavy whale accumulation — about $153 million in recent days — which coincided with the ETF launch and helped underpin intraday strength in the token.
The ETF creates a regulated, taxable entry point for U.S. investors and could channel new inflows into Dogecoin and other altcoins. Large-holder buying can magnify short-term gains but also increase volatility, so traders should monitor ETF flows, exchange volumes, and on-chain activity for signs of sustained demand. For holders and market watchers, the development marks a notable step toward mainstream access, even as price action remains sensitive to concentrated positions.