There is no denying that the crypto market has struggled throughout the first three months of the year. Although there is abundant uncertainty amid geopolitical tensions, the industry may be set to take a notable step forward. Indeed, the Dogecoin ETF race has heated up as DOGE may be preparing to edge back toward $0.4.

The leading meme coin has long been the subject of intrigue for cryptocurrency investors. Although its utility has remained in question, its passionate base of investors may be poised to see it skyrocket amid the arrival of its own investment vehicle.

Also Read: Dogecoin: Despite Dip, $650 Of DOGE Becomes $1 Million Today

Dogecoin ETF May Be Nearing as DOGE Looks to Reverse Losing Streak

Both the cryptocurrency and US stock markets have struggled mightily in April. With the arrival of US President Trump’s Liberation Day tariff plan, both have failed to make headway. Even with finance markets bouncing back after a 90-day pause was announced, the Dow Jones Industrial Index dropped more than 1,600 points just a day later.

That has extended to cryptocurrencies, with Bitcoin failing to sustain a price level above the $80,000 mark. However, things could be shifting for the leading meme coin. The race to issue the first Dogecoin ETF is heating up, but can it push DOGE back to the $0.4 level?

Also Read: Dogecoin (DOGE) Rallies 10% After Crash: $0.20 Next?

In an impressive update, 21Shares has joined both Grayscale and Bitwise as having filed regulatory paperwork for an investment fund around the asset. Although that is certainly exciting, it has failed to affect the price of the asset. Over the last 24 hours, DOGE is still down 4% according to CoinMarketCap. Moreover, it is down more than 20% in the last year.

There are some who are still bullish on the asset, however. Crypto price prediction platform CoinCodex projects the asset to reach heights of $0.64 this year, jumping more than 320%. That would rely heavily on the ongoing concern within the global market solving itself out, which would be nearly impossible to predict where things stand now.