News
Dogecoin Drops 9% After SEC Delays Bitwise DOGE ETF Decision
<p data-start="335" data-end="632">Dogecoin (DOGE -9.05%) took a steep dive on Thursday after the U.S. Securities and Exchange Commission (SEC) opted to delay its decision on the Bitwise Dogecoin ETF. The bellwether meme coin shed nearly 7% by late afternoon, sending a ripple of disappointment through the crypto community.</p>
<h2 data-start="634" data-end="670">The SEC Pumps the Brakes Again</h2>
<p data-start="672" data-end="844">Crypto markets had been watching closely for a ruling on several altcoin ETFs. Instead, the SEC chose to kick the can further down the road. Among the applications delayed:</p>
<ul data-start="846" data-end="928">
<li data-start="846" data-end="872">
<p data-start="848" data-end="872">Bitwise Dogecoin ETF</p>
</li>
<li data-start="873" data-end="901">
<p data-start="875" data-end="901">Grayscale Hedera Trust</p>
</li>
<li data-start="902" data-end="928">
<p data-start="904" data-end="928">VanEck Avalanche ETF</p>
</li>
</ul>
<p data-start="930" data-end="1098">These delays continue a trend of cautious, incremental movement from the regulatory body, which has <em data-start="1030" data-end="1040">thus far</em> only approved spot Bitcoin and Ethereum ETFs for trading.</p>
<p data-start="1102" data-end="1240">“The SEC isn&#8217;t rejecting these ETFs — it&#8217;s just not greenlighting them yet. That limbo is frustrating investors,” said one market analyst.</p>
<p data-start="1102" data-end="1240"><a href="https://www.theibulletin.com/wp-content/uploads/2025/06/Dogecoin-crypto.jpg"><img class="aligncenter size-full wp-image-57666" src="https://www.theibulletin.com/wp-content/uploads/2025/06/Dogecoin-crypto.jpg" alt="Dogecoin" width="1168" height="829" /></a></p>
<h2 data-start="1242" data-end="1270">Why Crypto ETFs Matter</h2>
<p data-start="1272" data-end="1443">The rise of spot ETFs in crypto, especially since the SEC approved Bitcoin ETFs in early 2024, has sparked a new era of institutional adoption. Here&#8217;s why they matter:</p>
<ul data-start="1445" data-end="1821">
<li data-start="1445" data-end="1596">
<p data-start="1447" data-end="1596">Ease of access: Investors can gain exposure to cryptocurrencies through familiar brokerage accounts — no digital wallet or private keys required.</p>
</li>
<li data-start="1597" data-end="1698">
<p data-start="1599" data-end="1698">Legitimacy: ETF approval often signals that a token has passed at least some regulatory muster.</p>
</li>
<li data-start="1699" data-end="1821">
<p data-start="1701" data-end="1821">Liquidity: Publicly traded ETFs offer better liquidity and lower friction than buying the actual asset on exchanges.</p>
</li>
</ul>
<p data-start="1823" data-end="1946">But when delays hit, speculative assets like Dogecoin — driven as much by sentiment as by fundamentals — can react sharply.</p>
<h2 data-start="1948" data-end="1990">Not a Knockout Blow — Just a Stumble</h2>
<p data-start="1992" data-end="2203">While the price movement may sting, the broader trend for DOGE and similar tokens may still be intact. The SEC&#8217;s delay isn’t a denial, and there&#8217;s reason to believe a greenlight could still come later this year.</p>
<p data-start="2207" data-end="2308">“This feels more like a brief, annoying setback than a lasting defeat,” one crypto investor remarked.</p>
<p data-start="2310" data-end="2515">The current administration has signaled a more open stance toward digital assets compared to previous years, and pressure is mounting from institutional players to open the door wider for altcoin ETFs.</p>
<h2 data-start="2517" data-end="2560">Should Dogecoin Investors Be Worried?</h2>
<p data-start="2562" data-end="2833">In short: not necessarily. Volatility is the norm in crypto markets, and Dogecoin remains among the top 10 cryptocurrencies by market cap. However, patience is key. The ETF delay could slow near-term momentum, but it doesn&#8217;t alter DOGE’s long-term speculative thesis.</p>
<p data-start="2835" data-end="2873">Key DOGE stats as of market close:</p>
<ul data-start="2875" data-end="3019">
<li data-start="2875" data-end="2895">
<p data-start="2877" data-end="2895">Price: $0.17</p>
</li>
<li data-start="2896" data-end="2930">
<p data-start="2898" data-end="2930">Day’s Range: $0.17 – $0.19</p>
</li>
<li data-start="2931" data-end="2967">
<p data-start="2933" data-end="2967">52-Week Range: $0.08 – $0.48</p>
</li>
<li data-start="2968" data-end="2992">
<p data-start="2970" data-end="2992">Market Cap: $26B</p>
</li>
<li data-start="2993" data-end="3019">
<p data-start="2995" data-end="3019">Volume: 1.77B DOGE</p>
</li>
</ul>
<h2 data-start="3021" data-end="3044">Investor Takeaway</h2>
<p data-start="3046" data-end="3389">Crypto investors have grown accustomed to a &#8220;hurry up and wait&#8221; dance with the SEC. While this delay hit Dogecoin hard today, the underlying narrative of mainstream ETF adoption remains intact. Bulls may want to use the dip as a buying opportunity — assuming they still believe in Dogecoin&#8217;s unique blend of meme power and market presence.</p>
<h2 data-start="3396" data-end="3407"></h2>

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