DOGE (Dogecoin) fell 3.70% in the last 24 hours.

Gate News Bot message, September 23, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at $0.24, falling 3.70% within 24 hours, with a high of $0.29 and a low of $0.24. The current market capitalization is approximately $36.482 billion, a decrease of about $1.402 billion compared to yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is loved by Shiba Inu enthusiasts. As a cryptocurrency, Dogecoin utilizes blockchain technology to store information through a highly secure decentralized public ledger system maintained by a network of computer nodes. The core philosophy of Dogecoin is summarized in the "Dogecoin Manifesto," which has a vibrant community made up of friendly people.

Important recent news about DOGE:

1️⃣ 21Shares Spot Dogecoin ETF Progress 21Shares' spot Dogecoin ETF has launched on the Depository Trust & Clearing Corporation (DTCC) in the US, with the stock code TDOG. This marks an important step for DOGE into the institutional investment space, potentially attracting more traditional financial investors and enhancing its market liquidity and recognition.

2️⃣ Grayscale plans to convert DOGE trust into an ETF Grayscale Investments has submitted a revised S-1 filing aimed at converting its closed-end DOGE trust into an ETF. If approved, the ETF will trade on the NYSE Arca under the ticker symbol GDOG. Grayscale has chosen Coinbase as its primary broker and custodian, a move that could bring a broader investor base to DOGE.

3️⃣ Institutions continue to increase their holdings of DOGE Thumzup Media Corporation invested approximately $2 million to purchase 7.5 million DOGE, incorporating it into their strategic reserves. Meanwhile, on-chain data shows that large holders have bought over 158 million DOGE. These large-scale acquisitions reflect an increasing interest from institutions in DOGE, which may bring more demand support to DOGE.

From a technical perspective, the price of DOGE has fallen in the past 24 hours, retreating from a high of $0.29 to $0.24. Although the price is under pressure in the short term, considering the recent positive news such as the potential launch of ETFs and continued accumulation by institutions, DOGE may still have upside potential in the medium to long term. However, investors should closely monitor the progress of ETF applications and their impact on the market.

This message is not intended as investment advice; investors should be aware of market volatility risks.