While many investment funds are racing to launch cryptocurrency ETFs, Canary Capital has outright refused Dogecoin (DOGE) as they believe it has no real value.

📌 Reasons Why Canary Says "No" to DOGE ETF

👨‍💼 The CEO of #CanaryCapital , Steven McClurg, asserts that the company has no plans to launch a Dogecoin ETF, despite market expectations that these funds will soon be approved.
🔹 He believes that DOGE does not have a limited supply, causing its value to trend downward over time.
🔹 “Putting Dogecoin into an ETF is like packaging an asset designed to lose value over time," McClurg emphasized.

Currently, Dogecoin is the 8th largest cryptocurrency by market capitalization, but its price has dropped nearly 50% from the peak of $0.48 last December.

📌 What Does Canary Capital Invest In?

🟢 Canary continues to expand its ETF portfolio with other coins such as Solana (SOL), XRP, Litecoin (LTC), and HBAR.
📈 According to McClurg, Solana is more practically valuable because it is used for:
✔ Paying transaction fees on the blockchain.
✔ Supporting decentralized applications (dApps) and games.
✔ Serving as a trading platform for many other meme coins like BONK or Dogwifhat.

📌 But Why Are Many Funds Still Interested in DOGE?

🚀 Although Canary Capital rejected $DOGE , many other companies are still betting on this coin:
🔹 Bitwise, Osprey, and Rex Shares have applied to launch a Dogecoin ETF.
🔹 Grayscale recently also established a Dogecoin investment fund and plans to convert it into an ETF.
🔹 DOGE has a loyal community, especially billionaire Elon Musk, who once called Dogecoin's fixed inflation mechanism "a feature, not a bug."

📌 Will the Dogecoin ETF Be Approved?

📅 The cryptocurrency policy landscape in the US is changing with some supportive moves for crypto, including:
✔ The SEC has a new chair who is more crypto-friendly.
✔ The US Securities and Exchange Commission (#SEC ) has established a task force on crypto.
✔ ETFs $BTC and $ETH have been approved, opening up hope for other crypto funds.

McClurg believes that Canary Capital is not overly focused on Solana ETF, but they still participate to be ready if opportunities arise. Meanwhile, the Dogecoin ETF remains a big question mark.

📌 Conclusion: Is Dogecoin Not Attractive Enough for Big Players?

💡 Despite support from Elon Musk and a strong community, Dogecoin still lacks practical utility compared to blockchains like Solana or XRP.
⚖ Canary Capital does not believe in the long-term potential of DOGE, but many other investment funds still hope for a Dogecoin ETF in the future.
🔎 Do you think the DOGE ETF will be approved? Let’s wait and see!

⚠ Note: Crypto investment always carries risks. Please research thoroughly before participating! #anhbacong