🚨DOGE became an ETF, but investors remained indifferent🚨

$DOGE

🐶 DOGE-ETF has launched… but without the wow effect. Grayscale launched the world's first spot ETF on Dogecoin (ticker $GDOG), but in the first day, the fund attracted only $1.8 million. Currently under management ~$3.5 million — this is only 0.02% of DOGE's capitalization.

📉 Analysts call the launch "modest." The reasons are simple:

— the market is cautious,

— meme coins are again out of favor,

— the ETF audience is not those who usually buy $DOGE .

Investors still prefer BTC and assets "with clear utility." The price of $DOGE after the launch rose only by 1.5% to ~$0.15.

🔥 The ETF on the meme token has been launched, but no hype occurred.

DOGEUSDT

Perp

0.09284

+3.01%

#Dogecoin‬⁩ #doge⚡ #Doge🚀🚀🚀 #crypto #CryptoNewss