Summary
- The U.S. Dogecoin ETF recorded $6 million in trading volume within 1 hour of launch.
- Analyst Eric Balchunas said the ETF exceeded expected trading volume in just 1 hour.
- He said most ETFs have first-day trading volumes of $1 million or less, calling this figure "surprisingly robust."
The U.S. Dogecoin (DOGE) exchange-traded fund (ETF) recorded about $6 million (approximately 8.4 billion won) in trading volume within 1 hour of its launch.
Eric Balchunas, a Bloomberg ETF analyst, said on X on the 18th (local time), "The Dogecoin ETF's (within 1 hour of launch) trading volume reached about $6 million," adding, "It exceeded expected trading volume in just 1 hour."
Balchunas described the Dogecoin ETF's trading volume as "surprisingly robust." He said, "Most ETFs have first-day trading volumes of $1 million or less."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
