DOGE is about to take off! The 0.35% fee rate from Grayscale has ignited the market, and 7.2 dollars is really not a dream?
I just saw Grayscale's official document, and it's really big news. This is not just an announcement; it's like dropping a bomb in the crypto circle. Grayscale has set the management fee for the Dogecoin spot ETF at 0.35%. This is the first time traditional financial institutions have paid such attention to meme coins, and DOGE has truly entered the mainstream financial view this time.
The number 0.35% may seem ordinary, but its significance is clear upon comparison. BlackRock's Bitcoin ETF fee rate is 0.25%. For DOGE, which is a more volatile meme coin, to achieve this fee rate indicates two points: first, institutions have recognized the long-term value of DOGE and are willing to lower fees to capture the market; second, the compliance pathway has opened up, and a large influx of funds into DOGE may follow. Is this a fantasy?
Three major driving factors are already in place:
First, the effect of Musk continues. The ETF has opened up compliance pathways, and it may just be a matter of time before Tesla and the X platform integrate DOGE payments.
Second, the millions of DOGE holders worldwide will become even more resolute, and the community's enthusiasm will rise again.
Third, the competitive landscape of meme coins may change, with DOGE becoming the first meme asset to enter the mainstream financial system, making it hard for other small coins to compete.
Looking back, DOGE was initially called a "joke coin" by many, but look at it now: Musk's public support, a petition on Amazon, trading on Coinbase, and now Grayscale providing compliance endorsement with the ETF. This developmental path closely resembles Bitcoin's breakout process years ago, but at a faster pace.
On-chain data has already shown signs: in the past week, large holders have bought over 4 billion DOGE, and smart money has already begun to act. Once the Grayscale ETF is officially approved, more funding channels will open: retirement funds can be allocated, ordinary users can purchase more conveniently, and the global derivatives market will follow suit, resulting in astonishing liquidity at that time.
Now may be the last calm before the storm. I dare say that once DOGE breaks through 0.5 dollars, those who once mocked that "dog coins are useless" will see that this dog with diamond claws can truly carve out a place in the traditional financial world.
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