Grayscale Spot Dogecoin ETF Falls Under Volume Expectations on Debut
7 Articles
7 Articles
Grayscale’s Spot DOGE ETF Debut Disappoints As Trading Volume Falls Short Of Expectations
Grayscale made headlines by launching the first U.S. spot DOGE ETF, offering a regulated way for everyday investors and institutions to gain exposure to DOGE. Many traders believed this would be a milestone moment for the memecoin, with some analysts predicting the ETF could see more than $12 million in trading volume on its first day. Instead, the debut was quieter and far less active than expected. The ETF, traded under the ticker GDOG, record…
The launch of the very first ETF Dogecoin spot this week has not aroused any frenzy. Analysts note that the volumes are actually smaller than expected. How to explain it? L的 article Why did not the very first ETF Dogecoin arouse enthusiasm? appeared first on Cryptoast.
Dogecoin ETFs Heat Up, But Grayscale’s GDOG Falls Short Of Analyst Forecasts
Grayscale’s highly anticipated spot Dogecoin ETF (GDOG) debuted with lower-than-expected trading volume, marking a softer start for the first direct-holding DOGE ETF in the United States. Bloomberg ETF analyst Eric Balchunas reported that the fund recorded $1.4 million in first-day volume, significantly below his expectation of $12 million, describing the debut as “solid for an […]
DOGE ETF debuts with $1.4M volume but price stays weak
The newly launched DOGE ETF reported roughly $1.4M in first-day trading volume, according to analyst Eric Balchunas on X. The update was shared earlier today, noting that the product’s debut failed to generate any meaningful reaction in Dogecoin’s market price. $GDOG (first Doge ETF) saw $1.4m volume on Day One.. solid for an avg launch but low for a 'first-ever spot' product. Not too surprising tho, we actually made a rhyme a while ago predict…
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