Dogecoin (DOGE), the digital equivalent of a participation trophy, is back in the headlines because someone thought, âHey, letâs create an ETF for a coin with a dog on it!â The REX-Osprey Doge ETF launched on CBOE, offering investors the thrill of owning a meme without the hassle of a crypto wallet. Groundbreaking. đ¤ˇââď¸
The ETF debuted like it owed the market child support, raking in $6 million in its first hour. Bloombergâs Eric Balchunas predicted a meager $2.5 million for the *whole day*. Guess what? Heâs now eating humble pie for breakfast. đĽ§đ¸
Post-ETF, DOGE shot up to $0.30. Not $0.45, not a Lamborghini, just $0.30. Excitement levels: roughly equivalent to finding a $20 bill in an old jacket. đ
More ETFs? Because One Wasnât Enough!
21Sharesâ DOGE ETF listed on DTCC, which sounds like a VIP club for finance nerds. Meanwhile, the SEC is âreviewingâ Grayscale and Bitwiseâs applications. Translation: theyâre probably flipping a coin. Heads: approve. Tails: deny. đŞ
âMake-or-Breakâ? Says Who?
Crypto guru Ali Martinez claims $0.22 is DOGEâs âmake-or-breakâ zone. Oh, sure. Because markets definitely follow the arbitrary lines drawn by analysts with a chart and a dream. đđ¨
âDOGE must hold $0.22 for a rebound to $0.29!â – Ali (who also predicted Bitcoin would hit $1 million by 2020 đ¤)
Defend $0.22? Great! Next stop: $0.45. But if it tanks below $0.22? Oh no, $0.19! How tragic. Itâs like worrying about the Titanicâs ice cream menu. đŚđ˘
In conclusion: the Doge ETF is either a genius move or a clown show. Either way, weâre all just here to see if Elon tweets about it. đ
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2025-09-27 16:01