{"content":"DOGE ETF Countdown ⏳ — A Landmark Breakthrough May Drop This Month After stabilizing at a critical support level, Dogecoin may reverse double-bottom. Bitwise Dogecoin spot ETF might start in 20 days without US SEC intervention. Large wallet investors buy DOGE as MVRV data suggests a bottom. The week started poorly for Dogecoin (DOGE), which stabilized over $0.1600 on Friday. Bloomberg ETF expert Eric Balchunas said the Bitwise Dogecoin spot ETF might begin 20 days after the 8(a) form was submitted on Thursday. Eric Balchunas reported that Bitwise filed the 8(a) Securities Act of 1933 application for Dogecoin spot ETF on Thursday, which becomes effective automatically. If the SEC does not intervene, this application would authorize and implement the ETF. https://x.com/EricBalchunas/status/1986562550809375124 If the US government shutdown lasts 20 days, the DOGE ETF might launch, and institutional inflows into the biggest meme currency could stimulate retail demand. An ETF launch might boost DOGE prices due to market speculation and excitement. Market Value to Realized Value (MVRV) calculates unrealized profit/loss by comparing the current price to the price of each token bought. This helps detect asset overbought or oversold and cycle peaks and bottoms. Dogecoin's 30-day MVRV statistics on the 7-day period is -13.26%, showing an unrealized loss on coins acquired in the previous 30 days. Compared to prior downcycle bottoms in early October and late December 2024, DOGE is oversold enough to rebound. In anticipation of the ETF and a possible bottom, major wallet investors with 100 million to 1 billion DOGE have grown their position to 20.31% of the entire on-chain supply, from 19.5% on November 1. Over 1 billion DOGE cohorts, which control 47% of the on-chain supply, stay silent. #DOGE $DOGE ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/07/4595bcc1843b844d89d862547ab66090.png"],"tags":[],"tradingPairs":["DOGE/USDT"],"quotearticleid":0}