Dogecoin Price Prediction: 81 Percent of ETF Money Now Sits With One Issuer

Demand for Dogecoin through exchange-traded products climbed to a record last week, and it has never been distributed so unevenly. The American spot funds tracking Dogecoin took in a net $2.89 million in the week to September 25. That is the highest weekly figure since this product class launched. At the same time, most of that money now sits in a single fund: the Grayscale Dogecoin Trust holds roughly $13.87 million, about 81 percent of the combined assets of all American DOGE funds. For the price question this matters more than the small sums first suggest. Anyone in Germany weighing whether Dogecoin belongs in their portfolio is at the same time deciding on the access route, on the running costs and on the tax due on a later gain. This piece puts the numbers in context, sets the supply side against them and shows which levels frame the fourth quarter. Dogecoin Price at $0.096: The Numbers Going Into Quarter End Dogecoin traded at $0.09609 on Tuesday midday, the equivalent of about €0.0847. That is a gain of 2.28 percent against the previous day. Over seven days it stands at a loss of 1.83 percent, over thirty days at a gain of 13.12 percent. The daily range ran from $0.091786 to...