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Wall Street Scrambles for DOGE ETF: 21Shares Takes the Lead, Grayscale and Bitwise Follow Closely
[Coin World] DOGE has really made a splash on Wall Street this time. 21Shares has directly listed a 2x go long DOGE ETF product on NASDAQ (code TXXD), and this is no small matter—previously they had included DOGE in their own top ten encryption index ETF, and now they have opened a separate product line. Even the official DOGE team has released a statement to celebrate.
What's even more exciting is what's coming next. Bloomberg analyst James Seyffart hinted that Grayscale's DOGE ETF might launch on November 24, and it's said that Bitwise is also in line waiting to get started. This pace feels like, after the SEC loosened the rules, various institutions are scrambling to take advantage of this wave of benefits—after all, the regulatory approval process is indeed speeding up.
However, the market sentiment has not kept up with these positive developments. DOGE is currently priced at $0.14, having dropped 11% in the last 24 hours, and 14% over the past week. It's a typical case of “lively news but a cold market,” as everyone may be waiting to see what will happen when these ETFs actually start trading.