Bitwise files for spot Dogecoin ETF, DOGE risks over 30% decline

Dogecoin News

Bitwise files for spot Dogecoin ETF, DOGE risks over 30% decline
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Dogecoin (DOGE) is down 4% following Bitwise's Dogecoin exchange-traded fund (ETF) filing with the Securities & Exchange Commission (SEC) on Tuesday.

Bitwise joins the meme coin ETF list after filing a Dogecoin ETF. The firm had previously filed for a Dogecoin Trust with Delaware last week, which hinted at a close-by ETF submission.

, BONK and Donald Trump's TRUMP last week. The reality is that there are a lot of people that want to invest in Dogecoin. It's the sixth-largest crypto asset in the world by market cap and it trades over $1bn a day, Bitwise CIO Matt Hougan told the Financial Times. This attracted mixed feelings, considering the controversy that often accompanies the meme coin category.

risks 37% decline if it breaches key support level

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