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Should you buy Dogecoin before Thursday’s ETF launch?
Elon Musk’s favourite cryptocurrency Dogecoin, which started as a joke, has been on a rally after the news of the first memecoin exchange-traded fund (ETF) to go live as early as Sept. 11, Thursday.
On Sep. 9, Bloomberg ETF analyst Eric Balchunas confirmed that the first-ever Dogecoin ETF, DOJE ETF, is scheduled to launch this Thursday, September 11, using a regulatory fast-track known as the 1940 Act.
Dogecoin has already shown signs of life this week. The price is up around 7% in the last 24 hours, and trading volume has surged more than 120% as traders position themselves early.
DOGE price today
DOGE is still 66% low from its highs of $0.73, reached on May 8, 2021. At the...