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DOGE Price Rally on Radar As Grayscale Submits S-1 for Spot Dogecoin ETF
Yahoo Finance· 2025-09-20 12:11
Group 1 - Dogecoin's native cryptocurrency DOGE is gaining attention due to developments surrounding the Dogecoin ETF, with market experts predicting a potential price rally after a recent 9.8% weekly decline [1] - Currently, DOGE is trading at $0.2640, having corrected 3.59% today, with a significant drop in daily trading volume by 30% to $2.6 billion [2] - A crypto analyst noted that DOGE has formed a second descending triangle pattern, suggesting a potential breakout that could lead to a price increase towards $0.38 [3] Group 2 - Grayscale has filed an amended S-1 registration with the SEC to convert its Dogecoin Trust into a spot ETF, which, if approved, would trade on NYSE Arca under the ticker GDOG [5] - The filing is part of Grayscale's strategy to expand crypto access through regulated products, with the NYSE Arca already having applied to list the Grayscale Dogecoin Trust [6] - The recent launch of the Rex-Osprey DOGE ETF has positively influenced market sentiment, with experts anticipating SEC approval for the DOGE ETF as early as October [6]
XRP Price Rally to $10 Remains Intact on Strong XRP ETF Debut
Yahoo Finance· 2025-09-20 10:35
Group 1 - XRP has experienced a 5% correction over the past week, but analysts remain optimistic about a potential rally to $10 and beyond, particularly following the successful launch of the Rex-Osprey XRP ETF [1][6] - Despite the subdued activity in the crypto market after the US Federal Reserve's interest rate cuts, XRP has been hovering around the $3.00 mark as investors await a rally [2] - Analyst Javon Marks suggests that XRP could increase by over 226% towards the $9.90 level, with a breakout above this threshold potentially driving the price towards $20 [3] Group 2 - On-chain data indicates that XRP's price is likely to gain strength, with sustained accumulation noted since August 22 [4] - Analyst Tom Tucker highlights that heavy positioning in the $2.70–$3.00 range has absorbed selling pressure, suggesting a potential move towards the $5.00–$5.50 range in Q4 [5] - The launch of the XRP ETF (XRPR) generated over $37 million in trading volume on its debut day, with $24 million traded within the first 90 minutes, which is significantly higher than typical new ETF performances [6] Group 3 - The SEC's approval of generic listing standards for crypto ETFs has increased the likelihood of a spot XRP ETF, which would provide complete exposure to Ripple's cryptocurrency [7] - Ripple's CTO, Stuart Alderoty, emphasized that new listing standards for crypto ETFs are crucial for mainstream market integration and enhance regulatory clarity, which builds investor confidence [8]
Dogecoin Jumps 8% as First U.S. DOGE ETF Doubles Forecast With $6M Debut
Yahoo Finance· 2025-09-18 20:51
Core Insights - Dogecoin (DOGE) experienced an 8% surge in the past 24 hours, outperforming Bitcoin and Ethereum, following the launch of the first U.S. spot DOGE exchange-traded fund (ETF) named DOJE, which recorded nearly $6 million in trading volume within its first hour [1][4] Group 1: ETF Launch and Performance - The DOJE ETF was launched through a collaboration between REX Shares and Osprey Funds, focusing on crypto-related investment products [2] - The ETF's prospectus outlines a strategy to hold Dogecoin directly, with potential investments in other crypto ETFs and derivatives [2] - DOJE is registered under the Investment Company Act of 1940, allowing for more actively managed approaches compared to most crypto ETFs [3] Group 2: Market Reaction and Analyst Insights - Bloomberg Senior ETF Analyst Eric Balchunas initially estimated DOJE would attract around $2.5 million in volume on its first day, but it exceeded expectations by more than doubling that figure [4] - The launch of DOJE coincided with the first U.S. spot XRP ETF, XRPR, which reached $24 million in trading volume within two hours, indicating strong market interest in alternative crypto assets [5] Group 3: Institutional Interest and Future Prospects - Analysts noted that DOJE's early success reflects growing institutional interest in assets previously thought to be favored only by retail traders [6] - Additional Dogecoin ETFs may follow, with Grayscale and Bitwise having filed proposals under the Securities Act of 1933, and decisions on those applications expected by October 17 [6]
Bitcoin Spot ETF Records $51M Outflow Snaps 7-Day Inflow Streak as ETH Bleeds Again
Yahoo Finance· 2025-09-18 15:27
Group 1: Bitcoin ETFs Performance - Bitcoin spot ETFs in the U.S. experienced their first significant outflow in over a week, with $51.28 million leaving the market on September 17, following seven consecutive sessions of inflows [1][2] - The largest outflow was from Fidelity's FBTC, which saw $116.03 million withdrawn, despite a historical net inflow of $12.56 billion [2] - Grayscale's GBTC also faced significant losses with $62.64 million withdrawn, while Ark and 21Shares' ARKB lost $32.29 million [2] Group 2: Inflows and Total Assets - BlackRock's iShares Bitcoin Trust (IBIT) attracted $149.73 million in inflows on the same day, while Grayscale's lower-fee Bitcoin Mini Trust ($BTC) saw $22.54 million in inflows, raising its lifetime total to $1.84 billion [3] - Total assets under management for Bitcoin spot ETFs reached $152.45 billion, representing 6.62% of Bitcoin's market capitalization [3][4] - Cumulative net inflows across all Bitcoin products since launch stand at $57.33 billion [4] Group 3: Ethereum ETFs Struggles - Ethereum ETFs continued to face pressure, with $1.89 million in net outflows on September 17, extending a streak of withdrawals since early September [4][5] - Fidelity's FETH was the largest loser among Ethereum products, with $29.19 million in redemptions [4] - Total assets under management for Ether ETFs are now at $29.72 billion, or 5.47% of Ethereum's market capitalization, with cumulative inflows reported at $13.66 billion [5]
The First-Ever XRP ETF May be Days Away. 1 Thing Investors Need to Know.
Yahoo Finance· 2025-09-17 18:48
Group 1 - Ripple's XRP may receive its first spot ETF approval, with Bloomberg analysts predicting the SEC will approve the REX-Osprey XRP ETF on September 18 [1] - The REX-Osprey XRP ETF is structured as a regulated investment company under the 1940 Investment Act, allowing for a faster approval process of 75 days compared to the typical 240 days for other spot crypto ETFs [4] - The proposed ETF will charge a management fee of 0.75%, significantly higher than the 0.25% charged by the iShares Bitcoin Trust, and will hold 20% in cash and cash alternatives, with 40% in other XRP ETFs [5] Group 2 - There are currently seven other spot XRP ETFs awaiting SEC approval, with decisions expected in October or November, suggesting investors may benefit from waiting to compare options [6] - The unique structure of the REX-Osprey XRP ETF may impact investor returns, indicating it may not be the best choice among available options [8]
Ahead of a Coming Dogecoin ETF Launch, Should You Buy the DOGE Crypto Here?
Yahoo Finance· 2025-09-09 18:46
Group 1 - Dogecoin (DOGE) started in 2013 as a humorous response to the crypto industry's seriousness and is now ranked 8th in market capitalization, with high name recognition, especially after Elon Musk's influence [1] - Analysts predict that a Dogecoin ETF is imminent, with Rex Shares and Osprey Funds expected to launch it under the ticker "DOJE," structured as an Investment Company Act of 1940 product, bypassing the lengthy 19b-4 process [2] - The SEC has declared the prospectus for the Dogecoin ETF effective as of September 9, 2025, with a 91% chance of approval this year according to bettors on Polymarket [2] Group 2 - The introduction of regulated ETFs has historically led to significant asset re-ratings, as seen with Bitcoin, which gained approximately 161% since the approval of its first spot ETF in January 2024 [4] - Ethereum has also seen gains following the approval of its spot ETFs, although it has recently started outperforming Bitcoin [5] - The "DOJE" ETF will utilize futures contracts and swaps without holding the actual Dogecoin, meaning it will not directly influence Dogecoin's spot price but may lead to indirect and speculative inflows if it garners significant interest [6][7]
Should you buy Dogecoin before Thursday’s ETF launch? (Hint: Elon Musk)
Yahoo Finance· 2025-09-09 18:04
Core Viewpoint - Dogecoin is experiencing a rally due to the upcoming launch of the first-ever Dogecoin ETF, DOJE ETF, scheduled for September 11, which is expected to enhance investor access and security in trading the cryptocurrency [1][3]. Price Movement and Trading Volume - Dogecoin's price has increased approximately 7% in the last 24 hours, with trading volume surging over 120% as traders position themselves ahead of the ETF launch [2]. - Currently, Dogecoin is trading at $0.2468, which is 66% lower than its peak of $0.73 reached on May 8, 2021 [3]. ETF Impact and Investor Sentiment - The introduction of the Dogecoin ETF allows investors to gain exposure to Dogecoin without directly owning it, providing easier access and better security [3]. - The market is anticipating a "wild" next two months for crypto ETFs, indicating heightened investor interest and potential volatility [3]. Technical Analysis - The Relative Strength Index (RSI) for Dogecoin is at 62, indicating it is not yet overbought and has room for growth [6]. - Moving averages show 14 buy signals and 1 neutral signal, suggesting a strong bullish trend as Dogecoin is trading above key short-term and long-term moving averages [7][9]. - Overall, the technical indicators suggest a buy signal, with momentum indicators turning bullish [8][12]. Market Dynamics and Future Outlook - Dogecoin is in a confirmed uptrend across all key timeframes, with potential for a breakout rally if it surpasses the $0.25–$0.26 range [12]. - The cryptocurrency remains highly volatile, with price movements influenced more by market narratives than fundamentals, and the "buy the rumor, sell the news" phenomenon is a consideration for investors [13].
Is BLK's Absence in the XRP ETF Rush a Strategy or a Missed Prospect?
ZACKS· 2025-08-13 17:46
Core Insights - BlackRock Inc. is not pursuing XRP exchange-traded funds (ETFs) despite the trend among other asset managers, raising questions about its strategy [1][10] - The firm manages $12.5 trillion in assets and has a strong position in Bitcoin and Ethereum ETFs, but sees limited client demand for XRP [2][3] - BlackRock's cautious approach is influenced by concerns over liquidity, regulatory uncertainty, and the need for a significant surge in demand for XRP to justify an ETF launch [5][6] Company Strategy - BlackRock has established its leadership in Bitcoin and Ethereum ETFs by focusing on high-demand, low-risk products with strong institutional interest [3] - The firm requires confidence in the infrastructure surrounding XRP, including custody and market oversight, before considering an ETF [4] - The potential for asset under management (AUM) and fee income from XRP is viewed as insufficient without a substantial increase in demand [5] Market Position - Franklin Templeton has filed for XRP ETFs and is optimistic about the product, contrasting with BlackRock's stance [7][10] - Invesco has not filed for XRP-related products, reflecting a similar cautious approach as BlackRock [8][10] Financial Performance - BlackRock's shares have increased by 18.3% over the past six months, outperforming the industry growth of 1.7% [9] - The company trades at a forward price-to-earnings ratio of 23.12X, which is above the industry average [11] - Earnings estimates for BlackRock indicate a year-over-year growth of 8.6% for 2025 and 9.6% for 2026, with recent upward revisions for 2025 [12]