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Should You Buy the Dogecoin ETF?

TheMotleyFool

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Should You Buy the Dogecoin ETF?: https://g.foolcdn.com/editorial/images/839541/shiba-inu-dog-doge-dogecoin.jpeg

On Sept. 18, the very first Dogecoin (CRYPTO: DOGE) exchange-traded fund (ETF), the REX-Osprey DOGE ETF, (NYSEMKT: DOJE) began trading. Its stated goal is to reflect Dogecoin's price before fees and expenses, with a 1.5% expense ratio, and crypto held with a U.S. bank custodian.

During the past 30 days, Dogecoin's price is down by 11% (as of Oct. 27), though largely as a result of the Oct. 10 crypto flash crash which had little to do with the king meme coin.

So is the new ETF worth buying? Let's take a sober look.

Source Fool.com

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