18.09.2025 20:55
BitcoinEthereumNews.com haber içeriğini kullanarak hazırlanmış metin:
Here's a fresh rendition of the news, using a variety of sentence structures and focusing on the essential information, while also removing the reference to the source website and instead using the phrase "internet sources":
Dogecoin's value experienced an impressive surge, climbing approximately 8% in the past day, as the inaugural U.S. ETF specifically designed to hold Dogecoin's spot price made its debut, according to various internet sources. This represents a significant achievement, particularly given the initial expectations surrounding the Exchange Traded Fund (ETF).
The DOJE ETF, the first of its kind, quickly exceeded projections on its first day of trading. In its initial hour of operation, the ETF generated a trading volume of nearly $6 million. This performance notably surpassed the forecasts of Bloomberg analysts.
The strong performance of DOJE, which focuses on Dogecoin, has analysts anticipating further developments in the near future. Several additional Dogecoin-focused ETFs are anticipated to be launched within the next month, suggesting growing interest in the meme coin.
Dogecoin's positive momentum contrasts with the performance of major assets like Bitcoin and Ethereum, further underscoring the impact of the new ETF, DOJE. The Rex-Osprey ETF began trading on Thursday.
Eric Balchunas, a Senior ETF Analyst at Bloomberg, had originally estimated a trading volume of approximately $2.5 million. The DOJE ETF quickly proved this estimation to be conservative, demonstrating a striking level of initial investor interest. Within the opening hours of the trading session on Thursday, DOJE nearly reached $6 million in volume.
"My over/under got destroyed in the first hour of trading as DOJE already posted nearly $6M in volume," Balchunas posted on X. “That’s shockingly solid. Most ETFs trade under $1M on day one.” The ETF's strong start led to Balchunas's public statement on the X platform. The DOJE ETF is regulated under the Investment Company Act of 1940.
DOJE provides investors exposure to the spot price of Dogecoin through a wholly-owned subsidiary registered in the Cayman Islands. This structure differs from some other cryptocurrency ETFs, which utilize reserves of the underlying asset.
Furthermore, more Dogecoin ETFs are anticipated, potentially in the near future, with several firms in the process of pursuing approvals. The decisions on these applications, submitted by entities such as Grayscale and Bitwise, are expected to be finalized by October 17, according to analysts.
Beyond the ETF's impact, Dogecoin's positive performance may be boosted by broader trends, including investments from publicly traded companies. For instance, CleanCore Solutions, a cleaning and disinfecting firm, is accumulating Dogecoin.
