Dogecoin ETF stalls as price breaks key level of $0.24
The post Dogecoin ETF stalls as price breaks key level of $0.24 appeared on BitcoinEthereumNews.com. The long-awaited Dogecoin ETF debut has been postponed again, causing disappointment in the crypto community. Summary Rex-Osprey’s Dogecoin ETF launch is delayed again, now expected mid-next week. Community suggests the firm may be waiting for macroeconomic stability or a possible Fed rate cut before listing. Despite ETF delays, Dogecoin surged to $0.26, up 20% on the week, breaking a key resistance. MACD remains bullish; RSI near 67. Next resistance at $0.27 with upside potential to $0.30 if momentum holds. Dogecoin’s long-anticipated ETF debut has hit another delay. The DOJE ETF, backed by Rex-Osprey, was initially expected to begin trading last Thursday, then rescheduled for Friday. However, Bloomberg ETF analyst Eric Balchunas confirmed in a recent tweet that the launch has now been pushed to mid-next week, possibly Thursday. “Update Part 3: Another delay. Launching next week. Mid week. Prob Thur,” Balchunas posted on X. While the firm has not publicly disclosed a reason for the delay, speculation is rife in the crypto community. Some believe the company is waiting for a more favorable macroeconomic landscape. “Waiting for that FED cut I see! Game theory at work,” one user commented in response to the announcement. The DOJE ETF has attracted widespread attention as it promises to mark a historic milestone, offering institutional investors exposure to a meme coin that, by design, has no intrinsic utility. If approved and successfully launched, the Dogecoin (DOGE) ETF would symbolize the continued blurring of lines between TradFi (traditional finance) and crypto, bringing meme coins further into mainstream finance. Meanwhile, DOJE is not the only DOGE-related application in regulatory limbo. The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on whether NYSE Arca can list the Bitwise Dogecoin ETF, citing the need for more time under Rule 19b-4 to complete its review. This pushback…
The post Dogecoin ETF stalls as price breaks key level of $0.24 appeared on BitcoinEthereumNews.com.
The long-awaited Dogecoin ETF debut has been postponed again, causing disappointment in the crypto community. Summary Rex-Osprey’s Dogecoin ETF launch is delayed again, now expected mid-next week. Community suggests the firm may be waiting for macroeconomic stability or a possible Fed rate cut before listing. Despite ETF delays, Dogecoin surged to $0.26, up 20% on the week, breaking a key resistance. MACD remains bullish; RSI near 67. Next resistance at $0.27 with upside potential to $0.30 if momentum holds. Dogecoin’s long-anticipated ETF debut has hit another delay. The DOJE ETF, backed by Rex-Osprey, was initially expected to begin trading last Thursday, then rescheduled for Friday. However, Bloomberg ETF analyst Eric Balchunas confirmed in a recent tweet that the launch has now been pushed to mid-next week, possibly Thursday. “Update Part 3: Another delay. Launching next week. Mid week. Prob Thur,” Balchunas posted on X. While the firm has not publicly disclosed a reason for the delay, speculation is rife in the crypto community. Some believe the company is waiting for a more favorable macroeconomic landscape. “Waiting for that FED cut I see! Game theory at work,” one user commented in response to the announcement. The DOJE ETF has attracted widespread attention as it promises to mark a historic milestone, offering institutional investors exposure to a meme coin that, by design, has no intrinsic utility. If approved and successfully launched, the Dogecoin (DOGE) ETF would symbolize the continued blurring of lines between TradFi (traditional finance) and crypto, bringing meme coins further into mainstream finance. Meanwhile, DOJE is not the only DOGE-related application in regulatory limbo. The U.S. Securities and Exchange Commission (SEC) recently postponed its decision on whether NYSE Arca can list the Bitwise Dogecoin ETF, citing the need for more time under Rule 19b-4 to complete its review. This pushback…
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