REX Shares Files for First Dogecoin ETF with Expected Approval Next Week
REX Shares has applied to the U.S. SEC for approval of the first Dogecoin (https://holder.io/coins/doge/) exchange-traded fund (ETF), with a decision expected next week.
Key developments include:
- Elon Musk's lawyer, Alex Spiro, is chairing a company aiming to raise $200 million for Dogecoin investments.
- Institutions like 21Shares and Bitwise are also pursuing similar products.
- The approval of the Dogecoin ETF would mark a significant advancement for crypto assets following Bitcoin and Ethereum ETFs.
GoldenMining has launched a cloud mining platform for Dogecoin, offering:
- Support for Bitcoin and Dogecoin mining with real-time profit deposits.
- DOGE mining represents 25% of the company's computing power, generating around 30 TH/s.
- No equipment required, making it accessible for users.
- Transparency with publicly available data on computing power and profits.
Growing demand for Dogecoin and its mainstream acceptance is anticipated as institutional interest increases.
Daily mining capabilities allow GoldenMining to produce 37,690 Dogecoins, providing a low-barrier entry point for investors.