Dogecoin ETFs Flat At Launch, But TA Points To $1 If This Support Holds
NeutralCryptocurrency
- The launch of Grayscale's spot Dogecoin ETF on November 24, 2025, was met with disappointing trading volumes, reaching approximately $1.4 million on its first day, significantly lower than analysts' expectations. This muted response reflects a lack of enthusiasm in the market despite the anticipation surrounding the first-ever Dogecoin ETF.
- The underwhelming performance of the ETF raises concerns about investor interest in Dogecoin as a financial product, potentially impacting Grayscale's reputation and future ETF offerings. Analysts had predicted a much higher volume, indicating a disconnect between market expectations and actual investor behavior.
- This development highlights the ongoing volatility and uncertainty in the cryptocurrency market, particularly for meme coins like Dogecoin. While some analysts suggest that DOGE could rally to $1 if key support levels hold, the initial ETF performance suggests a cautious sentiment among investors, reflecting broader trends in the cryptocurrency landscape where enthusiasm can quickly shift.
— via World Pulse Now AI Editorial System
