#DOGE ETF上市 #Gate广场创作点亮中秋

The expectation of ETFs is boosting market sentiment.

The Rex-Osprey Dogecoin ETF is set to officially launch this week, allowing investors to participate in investments without directly holding Dogecoin, significantly lowering the entry barrier. Following this news, the price of Dogecoin has risen nearly 10% from its weekly low of $0.205.

The current price trend is mainly driven by ETF expectations rather than changes in fundamentals. Many traders are currently in a wait-and-see mode, waiting for the official launch of the ETF. Once launched, retail and institutional funds may work together to further boost market demand.

Whale funds are also actively positioning themselves.

Data shows that since August 25, whale addresses holding between 1 million to 10 million DOGE have been continuously increasing their holdings, with the pace accelerating as the ETF outlook becomes clearer. Currently, these wallets hold a total of 10.91 billion DOGE, accounting for 7.23% of the total circulation, reaching a four-year high, reflecting a positive outlook from large funds for the future.