Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH?
REX Shares has filed for ETFs linked to several cryptocurrencies, including Dogecoin, amid heightened excitement in the crypto market. This surge in interest follows the inauguration of President Donald Trump and has resulted in significant volatility in cryptocurrency prices. REX Advisers and Osprey Funds are seeking SEC approval for seven new cryptocurrency ETFs, targeting both established tokens like Solana and Ripple’s XRP, as well as meme coins like Dogecoin and TRUMP coin. The success of Spot Bitcoin and Ethereum ETFs has spurred discussions about additional crypto ETFs. The recent filings could lead to rapid market entry within 75 days. Analysts predict that a Dogecoin ETF could attract new investors, potentially driving its price above $1, with current trading at $0.364, reflecting a 5.1% increase in 24 hours. A rise to $1 would signify a 175% increase from its current level.
