21Shares 2x Long Dogecoin ETF has received approval to list and trade on Nasdaq. This follows an auto-effectiveness via an 8-A with the U.S. Securities and Exchange Commission a few days ago.
DOGE price holds above $0.15 after falling more than 10% over the week amid the crypto market crash. The ETF will likely join Grayscale Dogecoin ETF launch next week.
21Shares 2x Long Dogecoin ETF by Listed Funds Trust Gains Approval
According to the latest US SEC filing, Listed Funds Trust filed a CERT for its 21Shares 2x Long Dogecoin ETF. It indicates the Dogecoin ETF has received approval to list on Nasdaq.
“We further certify that the security described above has been approved by the exchange for listing and registration upon official notice of issuance,” Nasdaq confirmed.
The 21Shares 2x Long Dogecoin ETF will list under the ticker symbol “TXXD.” It will provide investors with 2x of the daily DOGE price performance.
It has a management fee of 1.89%. Also, this fund will not seek to achieve its stated investment objective over a period of time greater than a single day.
The 21Shares 2x Long Dogecoin ETF Joins Grayscale
Bloomberg analyst James Seyffart confirmed that Grayscale Dogecoin ETF will start trading on Monday.
He said, “Lots happening next week” as Grayscale XRP Trust ETF (GXRP) will also go live on November 24
21Shares 2x Long Dogecoin ETF will also likely start trading next week, along with Grayscale Dogecoin ETF. Multiple ETFs are launching in the coming days, sparking buzz in the crypto community.
Will DOGE Price Recover?
LINK price dropped 0.80% in the past 24 hours, extending the weekly fall to more than 10%. At the time of writing, the price was trading at $0.157.
The 24-hour low and high were $0.1473 and $0.1589, respectively. Furthermore, trading volume has increased by 15% over the past 24 hours, indicating that traders are closely watching the market.
Notably, DOGE price is trading way below the 50-MA and 200-MA now on the daily chart, despite the Dogecoin ETF launches. The price needs to reclaim above the 50-MA at $0.193 to gain upside momentum.
Analyst Ali Martinez noted that Dogecoin supply on exchanges just turned positive. He highlighted that this shift has marked sharp rebounds earlier.
CoinGlass data showed buying activity in the derivatives market in the last few hours. Total DOGE futures open interest climbed almost 3% to $1.69 billion in the last 24 hours.
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