$DOGE 100% profit 📈 🚀
Dogecoin (DOGE) is up about 7% today, and the buzz is all about a potential new spot ETF that could launch as soon as this week.
For a while now, investors have wanted a U.S. ETF that tracks Dogecoin's price, making it easier to invest in the popular memecoin without owning it directly. That might finally happen with the proposed "$DOJE" ETF from Rex Shares and Osprey Funds. According to ETF expert Nate Geraci, it's looking likely this is the week it arrives.
This is part of a bigger trend following the successful launches of Bitcoin and Ether ETFs earlier this year. Companies are now racing to create new funds for other cryptocurrencies. Dogecoin is a prime candidate because of its huge cultural following, which has been heavily influenced by figures like Elon Musk.
If approved, $DOJE would be the first of its kind in the U.S. However, experts warn this could lead to some wild price swings for DOGE, as these types of launches often attract a lot of speculative trading.
It's also worth noting that another firm has proposed a similar ETF for a Trump-themed memecoin, showing that issuers are looking beyond the major cryptocurrencies. The big question now is whether these new ETFs will bring fresh investment into memecoins or if trading will stay on the usual crypto exchanges.
At the moment, DOGE is trading around 23 cents, up significantly over the past week.
