🚨DOGE became an ETF, but investors remained indifferent🚨
🐶 DOGE-ETF has launched… but without the wow effect. Grayscale launched the world's first spot ETF on Dogecoin (ticker $GDOG), but in the first day, the fund attracted only $1.8 million. Currently under management ~$3.5 million — this is only 0.02% of DOGE's capitalization.
📉 Analysts call the launch "modest." The reasons are simple:
— the market is cautious,
— meme coins are again out of favor,
— the ETF audience is not those who usually buy $DOGE .
Investors still prefer BTC and assets "with clear utility." The price of $DOGE after the launch rose only by 1.5% to ~$0.15.
🔥 The ETF on the meme token has been launched, but no hype occurred.
DOGEUSDT
Perp
0.13736
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