Dogecoin Price Prediction As Bitwise Files An S-1 For A Dogecoin ETF And This Pepe Rival ICO Charges Towards $64M
The Dogecoin price has slumped over 1% in the last 24 hours to trade at $0.3324 as of 3:25 a.m. EST on a 40% plunge in trading volume to $1.89 billion. This drop in the DOGE price comes despite Bitwise’s recent SEC (Securities and Exchange Commission) filing to launch a Dogecoin ETF, which aims to track the meme coin’s price movements closely. According to Bitwise’s Jan. 28 S-1 filing, the proposed Bitwise Dogecoin ETF would hold DOGE and mirror its price fluctuations. #Bitwise filed an S-1 with the #SEC for a spot #Dogecoin #ETF, which means their plan to launch it is now official. They submitted the filing on January 28, following a heads-up they gave on January 22 when they registered in Delaware. It's something people expected, but now it’s… pic.twitter.com/S4BQb62qlD — Crypto-00711 (@00711Crypto) January 29, 2025 Bloomberg ETF analyst James Seyffart noted on X that Bitwise had already filed to register a Dogecoin trust in Delaware on Jan. ...