Dogecoin's price continues to rise despite delays related to the ETF launch in the US. Analysts emphasize that demand for Dogecoin remains strong.
Overview of Dogecoin Price Situation
According to CoinMarketCap data, Dogecoin's price increased by nearly 4% in the last 24 hours, reaching $0.2603. Bloomberg analyst Eric Balchunas noted that this rise occurred despite the new delays in the launch of the DOGE ETF.
Delay in DOGE ETF Launch
According to an SEC filing from September 8, the Rex-Osprey DOGE ETF was scheduled for listing on September 12 alongside other cryptocurrency ETFs. However, Balchunas reported that the launch has been postponed until the middle of next week. He also mentioned that he has not received information about the reasons for the delay from the company responsible for the ETF.
Institutional Attention to Dogecoin
Dogecoin is attracting increasing institutional interest. This week, CleanCore Solutions announced it had acquired $130 million in DOGE, reaching half of its $1 billion Dogecoin target. Additionally, media outlets linked to the Trump family indicated plans to purchase 3,500 Dogecoin mining rigs.
Despite the delays in the launch of the Dogecoin ETF, market activity remains high, and institutional interests suggest positive prospects for the cryptocurrency.
