{"40c6b33b265d7bd9f538bcc8faca81e5":"Key Points:","a726042066184e031f838d2d461548f6":" Dogecoin price surges despite ETF launch delay, 20% increase.","aab01ae8e318fddf7a7aa6017d8a1348":" Institutional interest persists amid regulatory uncertainty.","a464df73b7b61e9d952f9c658cf32412":"Dogecoin's price increased by over 20% to $0.26 this week despite the delay of the US spot DOGE ETF launch, expected to launch mid-next week by Rex-Osprey.","da6b4a0664cb4e42673e44be0da764e9":"The surge in Dogecoin's value highlights strong institutional interest and speculation, as seen with CleanCore Solutions' significant bounty of DOGE, countering regulatory postponements of cryptocurrency-linked ETF approvals.","f48c2ea129b340de29734502ec7244a5":"Rex-Osprey, the ETF issuer, expects the launch mid-next week, however, no executive statements have been made regarding the specific reasons for the delay.","552b2977427f24b80867ba2be393576c":"The ETF delay stems from SEC's regulatory review stance, which affects over 90 pending applications. The cautious approach for memecoin ETFs prolongs market uncertainty while not deterring institutional investments.","66f5a2e1fda775f107d03027282e15d2":"The regulatory pattern of cautious review impacts broader cryptocurrency markets, including assets like BTC, ETH, and XRP. However, no substantial price shifts have been reported for major Layer 1 cryptocurrencies in response.","a1bb7af0be9f6741154f7a8c49b57f52":"The approval of a DOGE ETF could significantly alter market dynamics. Historical trends from Bitcoin ETF launches suggest potential increases in market inflows. However, the DOGE ETF uniquely addresses a token often critiqued for having no utility. Eric Balchunas remarked, \"Pretty sure this is the first-ever US ETF to hold something that has no utility or purpose.\"","ef5479ecee507cc6898437341e46ccc7":" Read original article on marketbit.io"}