The meme coin Dogecoin has made significant progress, but is it enough to explode? Grayscale's first spot Dogecoin ETF (GDOG) has just launched, recording a trading volume of $1.4 million. This figure is lower than the expected $12 million from Bloomberg analyst Eric Balchunas, although it is still considered a "stable start" for an average product, but rather modest for a product "making its debut" in the market.

Soon, Bitwise will also join the game with their own Dogecoin ETF (BWOW), directly holding DOGE. This is part of a new wave of cryptocurrency ETFs, as the SEC relaxes regulations, paving the way for many digital assets to "go public". Will these funds truly stir the market and attract investors to potential cryptocurrencies?

Stay tuned and share your thoughts on the future of Dogecoin and cryptocurrency ETFs!

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