DOGE submits ETF application
✅ If approved:
Price may surge significantly in the short term
Market sentiment will be greatly boosted, and DOGE price may rise rapidly (reference: has increased 2.5%-6% to $0.237 since the application was submitted).
Institutional funds may flow in on a large scale, estimated to attract $3-5 billion in the first year, pushing DOGE into mainstream portfolios.
🔍 October is a barometer
If the Solana ETF results (announced on October 16) are approved, the probability of the Dogecoin ETF will greatly increase; if rejected, it will be under pressure as well.
SEC's tendency for batch approvals: If multiple altcoin ETFs are approved in October, DOGE may ride the wave; if delays continue, hopes for this year will be slim.