Dogecoin ETF Debut Sparks Investor Frenzy and Price Rally Hopes 🚀
The Dogecoin ecosystem is witnessing a significant surge in investor interest following the launch of the first U.S. Dogecoin exchange-traded fund (ETF). The Rex-Osprey DOGE ETF made an impressive trading debut last week, recording a remarkable $6 million in trading volume within the first hour. This was 140% higher than Bloomberg analyst Eric Balchunas's day-one forecast and nearly six times greater than the average trading volume of new ETFs across an entire session.
The strong performance of the ETF has positioned Dogecoin as one of the most successful crypto-based ETFs to date, surpassing many others in the market.
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