Dogecoin ETF: Who Let the Doge Out of the Bag?

by

Hold on to your moon helmets, folks! Bitwise just dropped a bombshell on us, filing for a Dogecoin ETF. But wait, there’s a twist… 🐶

New Delaware Filing: BITWISE DOGECOIN ETF

— Tree News (@News_Of_Alpha) January 22, 2025

Yep, you read that right. The meme-tastic crypto is about to get its own exchange-traded fund. But here’s the kicker: instead of sending DOGE to the moon 🚀, it’s tanked to a measly $0.3500. Whoops! 🤦‍♂️

Experts are scratching their heads, wondering why the news didn’t send DOGE soaring. Some say it’s just a case of “buy the rumor, sell the news.” Others point to the fact that the ETF is still just a filing and not yet approved. 😕

But hey, at least we can all have a good chuckle over this latest crypto rollercoaster. Just remember, folks: even in the world of doge-themed cryptocurrencies, there’s still plenty of room for surprises! 😜

Meanwhile, the broader crypto market is taking a hit, with liquidations reaching a whopping $252 million in the past 24 hours. Ouch! 🤕

Dogecoin isn’t the only one feeling the pinch. Bitcoin and the rest of the crypto crew are all down in the dumps. And with the next Federal Reserve meeting just around the corner, who knows what fresh surprises await us? 🔮

So, dear readers, let’s raise a glass of virtual champagne to the rollercoaster that is the crypto market. May we all ride the waves with grace and a healthy dose of humor! Cheers! 🥂

Read More

2025-01-23 17:40