Citing Crypto.News, Grayscale’s spot Dogecoin ETF began trading on NYSE Arca with $1.4 million in first-day volume, falling short of analyst projections and underperforming recent XRP and Solana ETF launches. The fund started with 94,700 shares outstanding and a temporarily waived 0.35% management fee, resulting in a zero expense ratio until assets hit a threshold or three months pass. Analysts are monitoring fee incentives, Dogecoin’s price, and upcoming rival products like Bitwise’s ETF to assess the fund’s future performance.
Grayscale Dogecoin ETF Launches with $1.4M in Volume, Below Analyst Forecasts
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