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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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