In brief
- Dogecoin is up 8% in the last 24 hours as the first ETF with spot exposure hits the market.
- The DOJE ETF generated nearly $6 million in trading volume in the first hour, surpassing Bloomberg analyst expectations.
- More Dogecoin ETFs are expected to hit the market in the next month.
Dogecoin (DOGE) is up 8% in the last 24 hours, outperforming major assets like Bitcoin and Ethereum alongside the debut of DOJE—the first U.S. ETF centered on the leading meme coin.
Trading of the Rex-Osprey ETF went live for trading on Thursday and very quickly surpassed the expectations of Bloomberg Senior ETF Analyst Eric Balchunas, who initially expected a fair marker of around $2.5 million in trading volume.
Shortly into Thursday’s trading session though, DOJE had already reached nearly $6 million in trading volume.
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Author: Logan Hitchcock
