Dogecoin Rises as First US DOGE ETF 'Destroys' Expectations in Early Trading

Group 1 - Dogecoin (DOGE) has increased by 8% in the last 24 hours, outperforming Bitcoin and Ethereum, coinciding with the launch of DOJE, the first U.S. ETF focused on Dogecoin [1] - The DOJE ETF began trading on Thursday and quickly exceeded expectations, reaching nearly $6 million in trading volume shortly after its launch, significantly higher than the typical first-day volume for ETFs [2] - The DOJE ETF is registered under the Investment Company Act of 1940, providing access to spot Dogecoin through a wholly owned subsidiary in the Cayman Islands, contrasting with other crypto ETFs registered under the Securities Act of 1933 [2][3] Group 2 - The recent surge in Dogecoin's value may also be attributed to CleanCore Solutions, which has established the first official Dogecoin treasury in partnership with the Dogecoin Foundation [4] - CleanCore Solutions has acquired 100 million DOGE, increasing its total holdings to 600 million DOGE, valued at approximately $170 million, with a long-term goal of accumulating 5% of the total Dogecoin supply, equating to about 7.5 billion DOGE or around $2.1 billion [5] - Dogecoin's price has risen nearly 34% over the past 30 days, currently priced at $0.286 [5]