Grayscale spot Dogecoin ETF falls under volume expectations on debut

The Dogecoin ETF has had a disappointing launch, failing to meet market expectations and underperforming compared to the XRP and Solana ETFs, which have seen significant inflows. The Dogecoin ETF only managed to generate $1.41 million in trading volume on its debut day, raising concerns about its attractiveness to investors.

Grayscale has filed a proposal with the US Securities and Exchange Commission to convert its Zcash Trust into the first Zcash exchange-traded fund (ETF), potentially bringing the privacy-focused cryptocurrency into mainstream financial markets. This filing follows a significant rally in Zcash's price, which has surged over 1,000% recently.

Grayscale has filed with the SEC to list the first exchange-traded fund (ETF) tied to Zcash, a privacy-focused cryptocurrency, potentially on NYSE Arca. This move follows a series of successful ETF listings by Grayscale, including those for Dogecoin and XRP, which have recently gained approval for trading on the NYSE.

Grayscale has filed with the SEC to launch the first exchange-traded fund (ETF) linked to Zcash, a privacy-focused cryptocurrency. This filing aims to broaden access to Zcash and enhance institutional adoption of digital assets, coinciding with a significant rally in Zcash's price, which has surged over 1,000% recently.

Dogecoin is currently trading within a falling wedge pattern on the 12-hour chart, with analyst Clifton Fx predicting a potential breakout that could lead to an 80-90% rally, targeting the upper $0.20 range. This technical formation is characterized by two descending trendlines that have contained the price action since late July.

Zcash's price has seen a significant decline, crashing by 32% from its peak this year, raising concerns about further losses despite Grayscale's recent announcement to convert its ZEC Trust into an exchange-traded fund (ETF). This move comes amid a backdrop of heightened volatility in the cryptocurrency market.

Grayscale has filed to convert its Zcash Trust into the first Zcash exchange-traded fund (ETF) in the U.S., capitalizing on a significant rally in Zcash's price, which has surged over 1,000% recently. This move is seen as a strategic response to increasing demand for privacy-focused cryptocurrencies, as ZEC has outperformed major coins like Bitcoin and Ethereum.

Grayscale has filed for the first Zcash ETF in the U.S., a move aimed at broadening access to privacy-focused cryptocurrencies and potentially enhancing institutional adoption of digital assets. This filing comes amid a significant rally in Zcash's price, which has surged over 1,500% this year.