DOGE ETF postponed again, DOGE still surges nearly 20%! Institutions hoarding ignite market enthusiasm.

Despite the repeated delay of the first DOGE exchange-traded fund (ETF) in the United States, the original meme coin has continued its upward trend this week, driven by an influx of institutional funds and rising market expectations. The large-scale acquisition by CleanCore Solutions and the speculation ahead of the ETF listing have made DOGE the focus of the recent crypto market.

ETF postponement instead intensifies market expectations

The asset management company Rex-Osprey plans to launch a DOGE ETF codenamed DOJE, allowing traditional investors to directly track DOGE price trends.

Bloomberg senior ETF analyst Eric Balchunas revealed on X (formerly Twitter) that the ETF's listing has been postponed to September 12 and is expected to officially debut around next Thursday.

Although delayed, market sentiment has not cooled down. Data from the prediction platform Myriad shows that traders believe the probability of DOGE rising to 0.30 USD is as high as 66.6%, an increase of about 15 percentage points compared to a week ago.

CleanCore Strategic Accumulation Drives Price Up

According to CoinGecko data, DOGE has risen nearly 20% in the past week, reaching about 0.25 dollars, setting a new high since mid-August, outperforming other top ten cryptocurrencies (excluding stablecoins).

One of the key factors driving the pump is CleanCore Solutions' two large-scale acquisitions, boosting its DOGE holdings to 500 million coins, with a market value exceeding 125 million USD.

CleanCore is listed on the New York Stock Exchange under the ticker symbol ZONE, and collaborates with the DOGE Foundation's commercial division, House of Doge, to develop DOGE as a reserve asset and promote its application in payments, tokenization, and products similar to Staking.

ZONE's stock price rose about 6% this week, with an increase of over 200% year-to-date, reflecting investors' confidence in its encryption strategy.

still far below historical highs

Despite its recent strong performance, DOGE is still below its historical high of $0.73 in 2021. Whether future ETF inflows and continued institutional buying can sustain this pump will be the focus of the market.

For investors, the dual catalysts of ETF listing and institutional capital entering the market may become key variables in the next phase of DOGE's trend.

Conclusion

DOGE has risen against the backdrop of the ETF delay, demonstrating the strong driving force of institutional funds and market sentiment. As the ETF listing date approaches, whether DOGE can break through the $0.30 mark and even move towards its historical high will become a key observation indicator in the crypto market next week.