Golden Finance reports that despite opposition from the community, Bloomberg senior ETF analyst Eric Balchunas still firmly believes that Dogecoin lacks practicality. He reiterated this view on Wednesday on the X platform (formerly Twitter) and questioned the actual use cases of Dogecoin. In response to the backlash caused by earlier comments stating that 'Dogecoin lacks practicality,' Balchunas asked the disgruntled Dogecoin (DOGE) community to clarify what practical applications this 'meme coin' actually has. Background-wise, this Bloomberg ETF expert revealed on Tuesday that the first U.S. ETF tracking the performance of Dogecoin (the largest meme coin by market cap) will be launched later this week. Additionally, he stated in his announcement that this investment tool will be the first ETF 'intentionally holding assets with no practical use.'

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