Dogecoin (DOGE) has recently attracted market attention due to news of an ETF launch.

Reports suggest that relevant institutions are advancing the application for a Dogecoin ETF, which, if approved, will provide ordinary investors with a more convenient investment channel, eliminating the need to trade directly on cryptocurrency exchanges.

However, there is still uncertainty in the process. Regulatory agencies have always been strict regarding the approval of cryptocurrency ETFs, needing to assess factors such as market manipulation risks and liquidity. As a meme coin, Dogecoin's price is easily influenced by market sentiment and celebrity remarks, leading to high volatility, which may pose a barrier to approval.

If the ETF is ultimately established, it may temporarily boost the demand and price of Dogecoin, but in the long term, it still depends on the expansion of its actual application scenarios. For investors, it is essential to be cautious of market fluctuations and potential risks brought about by related news.$DOGE $WCT @WalletConnect #WalletConnect