Summary
- The Dogecoin (DOGE) spot exchange-traded fund (ETF) reportedly recorded trading volume of $1.41 million on its first day.
- There were no net inflows on the first day of listing, and Dogecoin's price was $0.1512, up 0.23%.
- CoinDesk assessed that GDOG provides long-term structural support to institutional investors, but in the short term, capital inflows are the key.
The spot exchange-traded fund (ETF) for Dogecoin (DOGE) recorded $1.41 million in trading volume on its first day of listing.
According to CoinDesk on the 26th (Korean time), Grayscale GDOG recorded $1.41 million in trading volume on its first day of listing. There were no net flows.
As of 3:31 p.m., Dogecoin was trading at $0.1512, up 0.23% from the previous day.
CoinDesk said, "GDOG provides long-term structural support for participation by institutional investors," but added, "short-term price movements may rely on technical analysis until capital inflows materialize."
Uk Jin
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