NYSE Arca to Launch Unit Trading ETF based on meme token Dogecoin (DOGE), created by Bitwise.
NYSE Arca staff ask US government to approve listing of Bitwise derivative Dogecoin ETF , which allows you to make money from the growth of the DOGE rate. According to the NYSE Arca application, kriptovalyuta will be stored in the custody service of the crypto exchange Coinbase, and the processing of transactions with fiat currency will be handled by the Bank of New York Mellon.
It is worth noting that the US Securities and Exchange Commission has not yet approved the issue. Dogecoin - ETF . Bitwise filed a petition to create the derivative in January, but officials have not ruled on the petition or given the go-ahead for any meme token-based ETFs. In addition to Bitwise, DOGE- ETF Grayscale, the company that developed funds based on Bitcoin and Ethereum, plans to release it.
News of NYSE Arca filing has had no positive impact on the rate Dogecoin , down 3% in the last 2 hours on March XNUMX thanks to Trump's pump token -the meme soared in price by almost 20%, but then its price fell just as sharply and hit a new bottom. However, the most alarming thing for owners Dogecoin The fact is that the memecoin price has once again fallen below the bearish trend line that started in January. Therefore, it is safe to assume that DOGE will continue to fall in price.
Possible change in course Dogecoin
