Bitwise Asset Management has kicked off the process of registering a Dogecoin (DOGE) ETF after filing with the Delaware’s Department of State, sending Meme Cripto fans into a frenzy! πππ
The crypto fund manager officially may soon be able to sell shares tracking Dogecoin’s volatility to the masses, thanks to their latest move. This will potentially bring new investments π to the seventh-largest cryptocurrency. π°π
The community is holding its breath as the odds for a Dogecoin ETF approval by the SEC in 2025 have surged to nearly 50% on Polymarket! π³π°π
Dogecoin, with a market cap of more than $52 billion and a 24-hour trading volume of $2.8 billion, has seen a slight dip of 3.18%, currently trading at $0.35. But fear not, shibes! πΆπ₯ The potential of an ETF can unleash new bullish energies!ππ₯
The race to bring Dogecoin to the masses has also attracted REX Shares who have also filed for an ETF tied to Dogecoin, among several others. Will it be sitting pretty beside Bitcoin, Ethereum, and other top cryptos in the shelves of your Brokers? Only time will tell!! ππ
With a sprinkle of humor, sarcasm, and just the right amount of doggy emojis, let’s keep our fingers crossed for a truly π-powered ETF! May the Shibu be with us! βοΈπΆπ―
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2025-01-23 10:59