Journalist
Posted:
Key takeaways
Dogecoin has jumped nearly 20% as big investors load up ahead of the first U.S. Dogecoin ETF. Even with a short delay, hype is growing fast, and whale activity is picking up. If momentum holds, DOGE could soon hit $0.30.
Dogecoin [DOGE] is back in the spotlight. The memecoin jumped nearly 20% in the past week and was trading at$0.26, at press time.
Meanwhile, institutional buyers piled in, building positions ahead of the first U.S. Dogecoin ETF.
While the launch has been delayed to next week, demand hasn’t cooled.
ETF delay increases hype
Anticipation for the first U.S.-listed Dogecoin ETF is running high, even with a slight delay.
Asset manager Rex-Osprey is preparing to launch the fund under the ticker DOJE, giving traditional investors a direct way to ride DOGE’s price action.
Bloomberg’s senior ETF Analyst Eric Balchunas called it a standout product, an ETF “that has no utility on purpose.”
While the debut was pushed back, Balchunas noted on X (formerly Twitter) that trading will likely begin mid-next week.
Source: X
For now, the wait seems to be adding to the buzz, with investors treating the delay as part of the build-up.
