Dogecoin ETF Launches Next Week as Maxi Doge Presale Breaks $4M

Grayscale is set to launch an XRP trust ETF, which may enhance the mainstream adoption and regulatory acceptance of cryptocurrency investments. This move follows a growing interest in crypto-linked financial products and could signify a shift in market dynamics.

Dogecoin price is currently defending the $0.15 level as a double bottom pattern begins to emerge. If this pattern is confirmed, it may indicate a potential rally towards $0.20 and beyond.

Circle has launched xReserve, enabling blockchains to issue $USDC-backed stablecoins that work natively with $USDC, reducing dependence on external bridges. The market cap of $USDC has reached approximately $74 billion in 2025, solidifying its role as a key asset in on-chain finance. Best Wallet Token ($BEST) has garnered $17.1 million in presale, offering governance rights and reduced fees. This development allows chains to use $USDC as native collateral, enhancing liquidity and transaction efficiency.

New Hampshire has approved a $100 million municipal bond backed by Bitcoin, marking a significant step in integrating cryptocurrencies into traditional finance. This initiative allows the state to treat Bitcoin as long-term collateral, with a mechanism requiring borrowers to post 160% of the bond value in Bitcoin. Bitcoin Hyper aims to facilitate efficient movement of this new collateral across decentralized finance and institutional frameworks.

The second wave of Solana-based Exchange-Traded Funds (ETFs) has launched, with strong demand driving Solana's price recovery to $140. VanEck's new Solana ETF debuted on Nasdaq, waiving fees for initial assets under management. This development suggests a potential rebound for Solana amidst recent market volatility.

Bitcoin has entered a critical danger zone as it continues to break through support levels, causing concern in the market. The price briefly held between $93,000 and $95,000 but ultimately failed to maintain that range, leading to further declines. Despite the bearish pressure, the Relative Strength Index (RSI) is indicating a bullish divergence, suggesting a potential shift in momentum may be on the horizon. The current market sentiment remains fragile as traders navigate these turbulent conditions.

Dogecoin is currently at a critical juncture as market conditions weaken while on-chain risk metrics show extreme values. Analyst Cryptollica has shared charts that compare the DOGE/USDT price channel with Alphafractal’s Reserve Risk framework, questioning whether this signals a breakdown or a long-term bottom. The Reserve Risk metric assesses the conviction of long-term holders against market pricing, indicating potential volatility in Dogecoin's future.

Grayscale is poised to launch the first U.S. spot Dogecoin ETF on November 24, as reported by Bloomberg's Senior ETF analyst Eric Balchunas. This development signifies Dogecoin's formal entry into the mainstream U.S. ETF market, potentially enhancing its legitimacy and adoption among institutional investors. The anticipated ETF launch follows Grayscale's recent SEC filing, which has generated optimism within the cryptocurrency community.