DOGE drops 1.36% as Bitwise ETF debuts

Dogecoin Price Update and Recent Performance

As of November 28, 2025, Dogecoin (DOGE) experienced a 1.36% decrease over the previous 24 hours, settling at $0.15046. Over the past week, DOGE climbed by 7.34%, but it has dropped 19.24% in the last month and is down 52.35% compared to a year ago.

Bitwise Introduces Dogecoin ETF, Drawing Investor Attention

On November 27, 2025, Bitwise made headlines by launching its Dogecoin ETF on the New York Stock Exchange (NYSE) under the ticker symbol BWOW. This new exchange-traded product (ETP) allows investors to gain exposure to Dogecoin’s price movements through a regulated financial instrument, effectively bridging traditional finance and the cryptocurrency sector.

The introduction of the Bitwise Dogecoin ETF has placed DOGE in the spotlight, marking one of the earliest institutional-grade products to offer indirect access to the popular memecoin. Although DOGE’s price dipped following the launch, the event underscores growing institutional interest and regulatory advancements within the crypto industry.

Institutional Interest and Shifting Market Landscape

Bitwise’s ETF launch is part of a broader movement among established financial firms to create investment products for alternative cryptocurrencies. Similar trends include the recent debut of a Bonk (BONK) ETP in Europe and the possibility of more altcoin ETFs gaining approval in the United States. These initiatives highlight the maturing crypto market and the rising demand from both individual and institutional investors for regulated, accessible investment vehicles.

Importantly, the ETF offers a simplified way for investors to participate in DOGE’s performance without the need to manage digital wallets or interact directly with cryptocurrency exchanges. This ease of access may attract a wider range of investors, especially those hesitant to navigate the technical aspects of crypto ownership.

Technical Analysis and Investor Sentiment

Currently, DOGE’s price remains under downward pressure, reflecting a 1.36% loss in the past day and a significant 52.35% decline over the last year. Despite this, the coin’s 7.34% gain in the past week suggests some renewed short-term interest.

Market analysts believe the new ETF could spur additional demand in the near term as investors evaluate its liquidity and performance. However, sustained price growth will likely depend on broader economic conditions, regulatory developments, and the ongoing strength of Dogecoin’s community-driven appeal.

Advancements in Market Infrastructure and Regulation

The Bitwise Dogecoin ETF is just one of several regulatory milestones for DOGE in 2025. Earlier in the year, REX-Osprey submitted an application for a spot BONK ETF in the United States, reflecting the increasing presence of meme coins and altcoins in mainstream finance.

These changes are happening alongside improvements in crypto infrastructure, such as Ethereum’s network upgrades and the proliferation of exchange-traded products for various altcoins. As regulatory frameworks evolve and more financial products become available, the environment for altcoins like DOGE is becoming more robust and accessible to a broader audience.

Looking Ahead: Toward Greater Mainstream Acceptance

The debut of the Bitwise Dogecoin ETF marks a significant step in DOGE’s progression toward mainstream adoption. While price volatility persists, the introduction of institutional investment vehicles could help stabilize demand and pave the way for future growth.

In the coming weeks and months, the market will closely monitor the ETF’s impact on Dogecoin’s price and investor interest. It remains to be seen whether this new product will ignite a fresh wave of enthusiasm or remain a specialized offering within the expanding crypto landscape.