21Shares Reaffirms Dogecoin ETF Plans with 0.5% Management Fee
- Continued ETF Progress: 21Shares has once again filed an amended registration statement with U.S. regulators, reaffirming its plan to launch a Dogecoin ETF despite existing DOGE ETFs struggling to attract investor interest, demonstrating the company's steadfast commitment to the product.
- Management Fee Unchanged: The newly submitted S-1 amendment confirms a management fee of 0.5%, which remains unchanged, indicating 21Shares' confidence in its pricing strategy even as competition intensifies in the crypto ETF market.
- Increased Market Competition: 21Shares plans to list the ETF on Nasdaq under the ticker TDOG and intends to purchase $1.5 million worth of DOGE once trading begins, putting it in direct competition with Grayscale and Bitwise's DOGE ETFs, which are already facing weak investor demand.
- Poor ETF Performance: Market data shows that since their launch in late November, DOGE ETFs have performed poorly, with only 5 out of 20 trading days seeing inflows, and Grayscale and Bitwise combined attracting just $2.05 million, reflecting a continued decline in investor interest in DOGE-linked investment products.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0457 | 0.0629 | 0.0817 | 0.0988 | 0.118 | 0.135 | 0.153 |
| Fibonacci | 0.0629 | 0.0766 | 0.0851 | 0.0988 | 0.113 | 0.121 | 0.135 |
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