Bitwise files for spot Dogecoin ETF, DOGE risks over 30% decline | Bitcoin

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  • Bitwise joins the meme coin ETF list after filing a Dogecoin ETF. 
  • The firm had previously filed for a Dogecoin Trust with Delaware last week, which hinted at a close-by ETF submission.
  • DOGE could decline by 37% if it breaches a lower descending triangle boundary.

Dogecoin (DOGE) is down 4% following Bitwise’s Dogecoin exchange-traded fund (ETF) filing with the Securities & Exchange Commission (SEC) on Tuesday. The top meme coin risks a 37% decline if it breaks a triangular channel’s support level.

Dogecoin ETF gains momentum with Bitwise filings

Bitwise submitted an S-1 registration statement to the SEC on Tuesday for a Dogecoin spot ETF. This marks the second DOGE ETF filing with the regulator.

Bitwise’s S-1 filing didn’t come as a surprise, considering its Dogecoin Trust filing in Delaware last week. The new filing adds to the growing demand for…more

Source www.fxstreet.com

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