Dogecoin (DOGE), the digital equivalent of a participation trophy, is back in the headlines because someone thought, “Hey, let’s create an ETF for a coin with a dog on it!” The REX-Osprey Doge ETF launched on CBOE, offering investors the thrill of owning a meme without the hassle of a crypto wallet. Groundbreaking. 🤷♂️
The ETF debuted like it owed the market child support, raking in $6 million in its first hour. Bloomberg’s Eric Balchunas predicted a meager $2.5 million for the *whole day*. Guess what? He’s now eating humble pie for breakfast. 🥧💸
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. 🕐
More ETFs? Because One Wasn’t Enough!
21Shares’ DOGE ETF listed on DTCC, which sounds like a VIP club for finance nerds. Meanwhile, the SEC is “reviewing” Grayscale and Bitwise’s applications. Translation: they’re probably flipping a coin. Heads: approve. Tails: deny. 🪙
“Make-or-Break”? Says Who?
Crypto guru Ali Martinez claims $0.22 is DOGE’s “make-or-break” zone. Oh, sure. Because markets definitely follow the arbitrary lines drawn by analysts with a chart and a dream. 📈🎨
“DOGE must hold $0.22 for a rebound to $0.29!” – Ali (who also predicted Bitcoin would hit $1 million by 2020 🤭)
Defend $0.22? Great! Next stop: $0.45. But if it tanks below $0.22? Oh no, $0.19! How tragic. It’s like worrying about the Titanic’s ice cream menu. 🍦🚢
In conclusion: the Doge ETF is either a genius move or a clown show. Either way, we’re all just here to see if Elon tweets about it. 🚀
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2025-09-27 16:01