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Dogecoin surges despite ETF launch delay to new date
Yahoo Financeยท 2025-09-12 09:13
Group 1 - The launch of the first Dogecoin exchange-traded fund (ETF), DOJE, has been delayed again, now set for September 18 [1] - The ETF is a collaboration between REX and Osprey, and the delay was confirmed by Bloomberg ETF Analyst Eric Balchunas [1] - Initially, the ETF was expected to launch on September 11, then postponed to September 12, and now to the following week [1] Group 2 - Dogecoin, the first meme coin, has become the eighth-largest cryptocurrency by market cap, reflecting its popularity in the crypto community [2] - Launched in December 2013, Dogecoin started as a joke but gained significant market value, reaching a $2 billion market cap by 2018 [3][4] - The upcoming DOJE fund will allow retail traders to gain exposure to Dogecoin [4] Group 3 - Despite the ETF delay, Dogecoin's price has increased by more than 5% in the last 24 hours, trading at $0.2631 [5] - Over the past week, Dogecoin has rallied more than 20% in anticipation of the ETF's debut [5]