GDOG ETF Launches, Dogecoin Price Surges

Grayscales new Dogecoin ETF, GDOG, debuted on NYSE Arca, offering fee-free trading for the first billion dollars. Despite a quiet launch with no net inflows, Dogecoins price has shown resilience, consistently holding above $0.1461 and forming higher lows. This bullish consolidation pattern suggests potential gains towards $0.17 or $0.18 if Dogecoin closes above $0.154. However, a fall below $0.1461 could lead to retracement. The GDOG ETF provides long-term institutional support, but short-term price movements will depend on technical factors until significant inflows occur.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.