Dogecoin ETF Approval and CleanCore’s 1B DOGE Spark Rally

Dogecoin surged 38% this week and 14% in 24 hours to $0.2963, its highest level in eight months, after Bloomberg confirmed approval of the US’s first Dogecoin ETF (Rex-Osprey DOJE) under the 1940 Investment Company Act. Although the ETF’s trading debut was pushed to next week (with listings now expected around September 18), traders seized the delay as an entry point. Simultaneously, CleanCore Solutions has amassed over 500 million DOGE and aims to build a 1 billion-coin corporate treasury via Bitstamp for Robinhood, targeting 5% of the circulating supply. These dual catalysts—Dogecoin ETF prospects and large-scale corporate accumulation—have boosted institutional credibility and retail enthusiasm. On-chain data show rising flows and futures open interest, while price action broke key swing levels from the mid-$0.20s to $0.30s, forming a bullish intraday pennant on increasing volume. Momentum indicators remain positive, though resistance near $0.30 could trigger pullbacks. Traders will monitor order book depth and liquidation risks as they look for another potential double-digit advance under growing institutional demand.
Bullish
The confirmed approval of the US’s first Dogecoin ETF establishes a regulated investment channel that boosts institutional demand, while CleanCore’s ongoing accumulation of 1 billion DOGE underpins long-term supply constraints. Combined with strong price momentum, rising on-chain flows and futures open interest, these factors create a bullish outlook. In the short term, traders may face resistance around $0.30 and potential pullbacks, but growing institutional adoption and reduced sell-side supply indicate further upside potential.