Grayscale Dogecoin ETF Could See $12M Volume on Debut, Analyst Predicts
As the larger crypto market continues its recovery route all eye turn to the king of meme coins, Dogecoin. With Dogecoin ETF launch happening it’ll be interesting to see how Dogecoin price reacts to this update.
The first spot Dogecoin ETF by crypto asset manager Grayscale launched today under the ticker symbol GDOG. Highlighting the milestone, a Bloomberg analyst claimed the Grayscale Dogecoin Trust ETF could record $12 million in trading volume on its debut.
Bloomberg senior analyst Eric Balchunas claimed the Grayscale Dogecoin Trust ETF could record $12 million in trading volume on its debut day.
He added that the asset manager has set a management fee of 0.35% for the spot Dogecoin ETF. However, the entire sponsor fee is waived for three months or until the first $1 billion in total DOGE holdings from the listing date on the exchange.
