DOGE Price Rally on Radar As Grayscale Submits S-1 for Spot Dogecoin ETF

Group 1 - Dogecoin's native cryptocurrency DOGE is gaining attention due to developments surrounding the Dogecoin ETF, with market experts predicting a potential price rally after a recent 9.8% weekly decline [1] - Currently, DOGE is trading at $0.2640, having corrected 3.59% today, with a significant drop in daily trading volume by 30% to $2.6 billion [2] - A crypto analyst noted that DOGE has formed a second descending triangle pattern, suggesting a potential breakout that could lead to a price increase towards $0.38 [3] Group 2 - Grayscale has filed an amended S-1 registration with the SEC to convert its Dogecoin Trust into a spot ETF, which, if approved, would trade on NYSE Arca under the ticker GDOG [5] - The filing is part of Grayscale's strategy to expand crypto access through regulated products, with the NYSE Arca already having applied to list the Grayscale Dogecoin Trust [6] - The recent launch of the Rex-Osprey DOGE ETF has positively influenced market sentiment, with experts anticipating SEC approval for the DOGE ETF as early as October [6]