Dogecoin (DOGE) for a long time for a long time revived almost two years later, moving a significant part of the assets against the background of speculation on the possible creation of an exchange fund (ETF) for token.
According to network data, the wallet transferred more than 10.3 million DOGE in the amount of about $ 2.25 million after almost two years of inaction, the Arkham data.
The translation associated with the Binance cryptocurrency exchange gave rise to the assumption that whales can be prepared for the launch of the first Dogecoin-ETF.
In particular, the ETF Rex-Sosprey Dogecoin, trading under the Doje ticer, should enter into force on September 9, 2025.
The product, structured in accordance with the Law on Investment Companies of 1940, bypasses the controversial procedure for approval of spotes ETF. Instead of directly storing DOGE, the fund will receive investments mainly through derivatives, such as swaps and futures, as well as in the form of funds and other assets.
At the same time, the securities and exchanges commission considers new listing standards that could simplify the process of approving single -active cryptocurrency ETF. If these rules are adopted at the end of this month, they can open the way for additional products tied to tokens such as SOLANA and XRP.
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Source: Cryptocurrency
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