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A Dogecoin ETF, the Rex-Osprey DOGE ETF ($DOJE), is anticipated to launch this week, providing U.S. investors with direct exposure to Dogecoin's price movements. This would mark the first ETF in the U.S. to track the memecoin, which has recently seen a 7% increase in value, and could lead to heightened market volatility as investors react to the launch.
JPMorgan analysts assert that Bitcoin's current price is undervalued compared to gold, projecting a potential rise to $126,000 by year-end. They attribute this optimism to declining volatility and increased corporate treasury purchases, which are stabilizing Bitcoin's market dynamics.
An exclusive interview with Jason Pate from Plaid highlights the current state of the fintech industry, where $50 billion in IPOs are on hold amid market volatility. The discussion explores the performance of various sectors, including lending and crypto, while also offering advice to founders on navigating this challenging environment.