Dogecoin-based Exchange-Traded Fund may be introduced this week.

In a significant development for the cryptocurrency market, particularly for memecoins, American company Rex-Osprey is set to launch the first-ever Dogecoin ETF under the ticker symbol "DOJE". The ETF aims to provide investors with direct exposure to Dogecoin and includes derivatives such as futures contracts and swaps.

According to Nate Geraci, president of The ETF Store, regulatory approval for the Dogecoin ETF is "imminent". If approved, this could lead to a mass influx of institutional capital and potentially move Dogecoin away from its meme image.

Analysts have identified two key resistances at $0.25 and $0.30, suggesting a short-term growth potential of over 30% for Dogecoin. The current 24-hour increase of 6% indicates a positive trend. However, the Relative Strength Index (RSI) for Dogecoin is in neutral territory (55), suggesting a potential buying opportunity.

The chart shows a descending triangle, a typical pattern for a consolidation before a bullish breakout. If the resistance is broken, it could result in a DOGE revaluation.

The DOJE fund will need to hold at least 80% Dogecoin and can invest the rest in other crypto ETFs. This evolution could be significant for French-speaking investors, as it could open up new opportunities in the crypto market.

The arrival of memecoin ETFs raises fundamental debates about the future of cryptocurrencies in the European Union. It remains unclear if Europe will seize this opportunity with the same boldness.

This article is written by an expert in SEO and web writing, focusing on the crypto world. It does not repeat earlier advertisements about investing in Dogecoin on Pionex or related articles about other cryptocurrencies. Instead, it provides a clear and concise overview of the Dogecoin ETF and its potential implications for the market.

In conclusion, the Dogecoin ETF, if approved, could be a game-changer for memecoin investors. It could increase the dominance of meme-tokens and offer a new avenue for institutional investment in the cryptocurrency market. However, as with any investment, it's important to do thorough research and consider all risks before making a decision.