21Shares’ Dogecoin (DOGE) ETF, TDOG, has made its debut on Nasdaq. The financial vehicle is backed by the Dogecoin Foundation. The launch marks the first spot DOGE ETF in the US, a significant milestone in the memecoin’s journey. Let’s discuss if the ETF launch can propel DOGE’s price to the $0.30 mark.
Will Dogecoin’s Nasdaq ETF Debut Push Its Price To $0.30?
21Shares’ Dogecoin ETF marks the first memecoin ETF for the US. The achievement is a reminder of how far the crypto sector has come over the last decade. Nobody would have thought that we would eventually get a DOGE ETF on Nasdaq. The move is also a testament to cryptocurrencies, especially memecoins, entering the mainstream.
Dogecoin’s ETF launch may lead to a price rally for the asset. ETFs played a vital role in the 2025 market cycle. Bitcoin (BTC) and Ethereum (ETH) both hit new all-time highs in 2025 thanks to increased ETF inflows. However, BTC and ETH had different reactions to their respective ETF launch. BTC hit multiple all-time highs since its ETFs made their debut in early 2024. ETH, on the other hand, took about a year to hit a new all-time high. Which direction Dogecoin (DOGE) follows is yet to be seen.
Given the larger bearish market environment, we may not see any positive price action for Dogecoin (DOGE) just yet. The larger crypto market is still recovering from its crash in late 2025. The market took another dip earlier this week after additional tariffs were announced on European partners who support Greenland. Although President Trump has cancelled the tariffs, the crypto market does not seem to show any confidence.
Also Read: Grok Predicts If Elon Musk Will Enable Dogecoin Payments in 2026
CoinCodex analysts are not very bullish on Dogecoin (DOGE) in the near term. The platform anticipates the memecoin to hit $0.15 on Feb. 14, but does not expect the asset to hit the $0.30 mark anytime soon.
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