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ETF Speculation Swirls: Dogecoin (DOGE), Shiba Inu (SHIB) and Floki Inu (FLOKI) Bask in Uncertain Glory

Press Releases Crypto News CryptoDaily UK ETF Speculation Swirls: Dogecoin (DOGE), Shiba Inu (SHIB) and Floki Inu (FLOKI) Bask in Uncertain Glory

This Sunday, the crypto world buzzed with talk about VanEck’s latest move in the ETF game, as they re-submitted their Bitcoin Trust ETF proposal to the U.S. SEC. Based in New York, VanEck is on a mission to get its spot Bitcoin ETF off the ground, taking a distinctive route with its fund seeding approach. This stands out even more given the SEC’s track record, having previously given VanEck’s proposal the thumbs down three times, with the latest rejection on March 10.

Finance guru Scott Johnsson was quick to point out the cool twist in VanEck’s new plan—they’re looking to use Bitcoin itself for fund seeding, stepping away from the usual cash-based method we’ve seen in other ETF proposals. The VanEck Bitcoin Trust is aiming to be a direct reflection of the performance of Bitcoin, with plans to trade on the Cboe BZX Exchange. Now, all eyes are on the SEC as the crypto community waits to see how they’ll respond to this and other spot Bitcoin ETF proposals.

Meanwhile, Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) stole the spotlight over the weekend, enjoying some serious gains. But in the ever-unpredictable world of crypto, who knows how long this bullish vibe will last?

Dogecoin (DOGE) has been surfing on the broader market’s high tide, closely echoing the impressive journey of Bitcoin as it anticipates the potential nod for a BTC spot ETF. At this juncture, DOGE is nestled between $0.0671 and $0.0737, all the while casting glances at $0.0751.

Source: TradingView

Breaking through the $0.0737 resistance could set Dogecoin (DOGE) on a trajectory for even higher grounds, particularly towards the $0.0751 mark. The market’s upbeat vibe and the optimism swirling around the performance of Bitcoin are offering DOGE a potential tailwind. Nevertheless, investors should not lose sight of the 3-10 Day MACD Oscillator that currently hovers around $0.07285, showing signs of hesitation. A de

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Author: Crypto Daily

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