Launch of the first
#ETF for
#Dogecoin in America… where can the price go?
Price
$DOGE rose to $0.28 (+12% from the bottom of $0.25) supported by the launch of the first Dogecoin ETF in the United States, which generated a lot of excitement in the market.
🔹 ETF Details:
Fund
#REXOspreyDogecoinETF (
$DOGE ) officially starts trading as the first regulated meme coin product.
Supported by companies
#REXShares and
#OspreyFunds , the same team that launched the Solana Staking ETF.
Relied on the 1940 Act to expedite approval,
Analysts believe this move could attract institutional flows and give Dogecoin greater legitimacy as a mature market.
🔹 Reactions:
Nate Geraci: “The launch of the first Dogecoin ETF is a historic event, and the coming months will be crazy.”
Kapil Dev: “Dogecoin has become the first meme coin with an ETF on Wall Street.”
The SEC is also reviewing Grayscale's application to convert the Dogecoin Trust Fund into an ETF, with a deadline in mid-October.
🔹 Importance of the Event:
The launch of the ETF could move Dogecoin to a stage of "institutional maturity," similar to what happened with Bitcoin and Ethereum after their ETFs, which could open the door to billions of dollars in flows.
🔹 Price Predictions:
A technical model (Bullish Megaphone) sets a target at $1.40 (+400% from the current price).
Other analysts expect a closer target at $0.60 before any larger jumps.
Optimistic estimates indicate that Dogecoin could reach up to $5 if the market attracts strong institutional flows.
$BTC