The first DOGECOIN exchange box in the United States can be launched early next week, according to Bloomberg Erik analyst Balunas.
“It seems that Rex will launch Doge ETF via 40 ACT A $ SSK next week based on a tweet below,” Balunas said on the position of X on Thursday.
In the newsletter file, Rex warned that “Doge is a relatively new innovation and is subject to unique and fundamental risks. The market is subject to DOGE to swing rapid prices, changes and uncertainty.”
Over the past year, Dogecoin (DOGE) increased by 116.67 %, according to Coinmarketcap. However, 54 % of 2024 height decreased at $ 0.4672 in December, trading at $ 0.2129 at publication time.
Rex takes the path of “organizational ends”
Most of the investment funds in encryption requires exporters to provide the S-1 model and the 19b-4 model with the SEC, while the ACT Fund follows 40 different roads which is the same approach that RX uses to launch ETF Solana Stokeing.
The head of the ETF Nate Geraci store previously described the ACT 40 strategy as a “organizational end”.
The ETF exporters who follow the traditional road are still waiting for decisions from SEC. On April 10, 21shares presented a file proposing to launch ETF DOGECOIN, shortly after similar applications from its BitWise and GrayScale competitors.
Meanwhile, RX also applied for the circulating investment funds that track Trump (Trump) according to the fortieth law, which will buy shares in an external company bearing the distinctive symbol.
Dogecoin continued to attract the interest of the prevailing media over the years
Even those who have not invested in Crypto are likely to be familiar with Dogecoin, which has acquired the prevailing attention for years.
Related to: Bitcoin Bear Market scheduled for October with a target of 50 thousand dollars: analysis
The billionaire Illon Musk has long been associated with the currency, even in reference to himself as “Dujiftere” and the symbol called “bustle” during the appearance of 2021 in Satardai Knight Live.
Recently, MUSK Alex Spiro’s lawyer has been reported by Fortune to head a new public company that seeks to raise $ 200 million to invest in Dogcoin.
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