4 0
First U.S. Dogecoin ETF Launches Amid Price Surge and Corporate Interest
The Dogecoin price has surged significantly, gaining about 14% in the past day and nearly 38% over the week, reaching $0.2963, its highest level in eight months.
Key Developments:
- A new Dogecoin ETF, Rex-Osprey Doge ETF (DOJE), is set to launch in the U.S., sparking market excitement. This will provide a regulated channel for larger investors and institutions.
- The ETF is structured under the Investment Company Act of 1940, indicating compliance with strict U.S. regulatory standards.
- Over 90 other crypto ETFs are pending SEC approval, highlighting growing interest in institutional investment in crypto.
Corporate Interest:
- CleanCore Solutions, a U.S.-listed company, plans to hold 1 billion DOGE as part of its corporate treasury strategy, already securing over 500 million DOGE.
- The company collaborates with Bitstamp for secure custody of its holdings via Robinhood.
- CleanCore aims to control up to 5% of Dogecoin’s total circulating supply, reinforcing institutional backing.
These developments combine institutional credibility with retail enthusiasm, potentially driving further price momentum for Dogecoin.