The iconic Dogecoin emblematic continues its increase, carried by the enthusiasm of the market. Despite a new postponement of the launch of its first American ETF, institutional investors remain on the lookout and seem little affected by this announcement.
In short
- The price of Dogecoin climbs from $ 4 % to $ 0.26 despite the postponement of American ETF.
- The ETF Rex-Osprey Doge, initially scheduled for September 12, is pushed for a week.
- Companies like Cleancore Solutions and Thumzup invest massively in Doge.
Dogecoin advances despite the dry
Friday, September 12 was to mark a historic stage with the rating of ETF Rex-Osprey Doge.
Eric Balchunas, senior analyst at Bloomberg and an essential reference for ETF Crypto, confirmed the postponement of this launch on Thursday, probably until next Thursday. No official explanation accompanies this decision, fueling speculation on the real reasons of the dry.
Paradoxically, this bad news coincided with a remarkable performance of Dogecoin. The same has jumped almost 4 %standing at $ 0.2603 according to CoinmarketCap.
This bullish reaction shows a new maturity of the market, which now seems to integrate these regulatory hazards as normal stages of the approval process.
This postponement is part of a broader strategy of dryness. The regulatory authority faces unprecedented traffic jam with more than 90 requests from ETF crypto pending.
The recent postponements of the Bitwise Dogecoin and Grayscale Hedera, rejected on November 12, illustrate this methodical approach which aims to process the files by coordinated waves.
Balchunas, however, tempers expectations concerning the potential impact of this ETF. “” The more you get away from the BTC, the less active. “He explains at Cointelegraph.
Unlike traditional institutional investors who could only access bitcoin, Doge lovers already have direct access via exchanges.
Increasingly visible institutional signals
Beyond the speculation that surrounds its image, Dogecoin begins to attract traditional businesses.
Cleancore Solutions, a manufacturer of industrial systems, recently acquired $ 130 million in Doge, achieving half of its target set at one billion tokens. An unprecedented movement for a company in this sector, which illustrates the gradual transformation of the same into cash actors.
At the same time, Thumzup, a media company linked to the Trump family, announced the installation of 3,500 Dogecoin mining platforms. A strategy that is similar to an implicit recognition of the token legitimacy in the crypto ecosystem.
These initiatives strengthen the image of an asset which, despite its parody beginnings, now attracts institutional capital and strategic investments. Dogecoin seems to have crossed a milestone: from a simple “Joke Coin”, it is gradually imposed as an asset that certain economic actors no longer hesitate to accumulate.
And if the SEC validated several ETF Altcoins by the end of the year – a hypothesis deemed probable at 90 % by Bloomberg for Doge, XRP and Cardano – the effect could be considerable. Such recognition would amplify an already engaged movement on the markets.
In short, Dogecoin continues to challenge expectations. Despite the new delay in American ETF, its course is progressing, supported by a now tangible institutional interest. More than a simple meme, it confirms its unique status: that of a joke which has become, over the years, a serious player in the Crypto market.
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