Dogecoin Exchange-Traded Fund (ETF) may be introduced this week.

The crypto world is abuzz with the latest development - the imminent approval of the Dogecoin ETF, a first for a memecoin. American company Rex-Osprey, in partnership with Osprey Funds, is set to issue the Dogecoin ETF with the ticker "DOJE," which is slated to launch in September 2025.

According to Nate Geraci, president of The ETF Store, regulatory approval for the Dogecoin ETF is just around the corner. This approval could lead to a mass influx of institutional capital into the memecoin market.

The DOJE fund will maintain a minimum allocation of at least 80% Dogecoin, as per contractual requirements. The remaining 20% can be invested in other crypto ETFs, from a regulatory standpoint. This model is similar to that of Bitcoin Spot ETFs, representing a significant shift towards the tokenization of secondary markets.

The potential approval of the Dogecoin ETF could increase the dominance of meme-tokens in the crypto market. Analysts identify two key resistances at $0.25 and $0.30, suggesting a potential increase of over 30% for Dogecoin. Currently, Dogecoin is showing a 24-hour increase of 6%, around $0.228.

The RSI of Dogecoin is in neutral territory (55), suggesting a potential buying frenzy. However, it forms a descending triangle, a typical pattern for a consolidation before a bullish breakout.

If approved, the Dogecoin ETF could lead to a historic breakaway from its meme image. This could result in DOGE revaluation, offering investors direct exposure to Dogecoin and integrating derivatives such as futures contracts and swaps.

The approval of the Dogecoin ETF is significant for French-speaking investors, given its potential impact on the crypto market. However, it remains uncertain whether Europe will seize the Dogecoin ETF opportunity with the same boldness.

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In conclusion, the imminent approval of the Dogecoin ETF is a development that warrants close attention from investors. The potential for replication in the European Union and the historic breakaway from the meme image of Dogecoin make this a significant event in the crypto world. Stay tuned for more updates on this exciting development.