- First ETF Dogecoin
- Dogecoin resilience
The US stock and values commission. UU. (SEC) has delayed the making of a negotiated Bitwisein Exchange (ETF) Fund (ETF).
Bitwise, the main fund manager of the world cryptocurrency index, originally presented to launch the ETF in January. The product is intended to offer investors direct exhibitions to the leader of memes leader for market capitalization.
It is worth noting that the review period for such applications generally covers a total of 240 days, which means that the delay does not mean that the product is eventually rejected by the SEC.
Grayscale, the main cryptocurrency assets manager, also requested an ETF Dogecoin.
First ETF Dogecoin
Meanwhile, Dogecoin’s first ETF will be released live on September 11. The launch of Rex-OSPREY DEGE ETF (DOJE) will mark a significant milestone for the institutional adoption of Meme currency, potentially starting a new era of investment in cryptoographic.
However, it is worth noting that this is not a typical ETF doge, since it will not offer direct exposure to the coin of leading memes. Instead, the product is based on the structure of Law 40 to avoid the typical approval process. Investors will obtain exposure to a subsidiary based on the Cayman island that has the meme coin through several instruments.
Earlier this year, as reported by U.TODAY, Rex-OSPREY also implemented a Solana ETF with a similar structure.
Dogecoin resilience
Despite the Desaira, Dogecoin is currently one of the main Altcoins that are in the green. It rises by 0.8%, with its market capitalization currently at $ 4.25 billion.
The launch of the first Doge ETF is already a big problem for the Meme Coin World, which explains why Dege is surpassing Bitcoin.
