Experts: DOGE ETF May ‘Make It a Blue Chip’ and Shift the Price

Core Insights - Dogecoin has transitioned from a meme coin to a legitimate financial asset with the launch of Grayscale's GDOG ETF on the NYSE, raising questions about market acceptance [2][3] - The introduction of the Dogecoin ETF marks a significant milestone as it is the first meme coin to be included in a regulated ETF lineup, alongside established cryptocurrencies like Bitcoin and Ethereum [6] Institutional Interest - Grayscale's launch of the Dogecoin ETF is accompanied by interest from other financial institutions, with Bitwise and Franklin Templeton preparing to offer their own Dogecoin ETF products [3][6] - Analysts suggest that Dogecoin could serve as a liquidity anchor for the meme coin sector, potentially attracting passive investment flows [6] Market Perception - The launch of the Dogecoin ETF may help reshape the perception of meme coins, which are often viewed as scams or speculative assets, by providing a regulated investment vehicle [5] - The irony of a meme coin gaining institutional interest is highlighted, as it was originally created as a joke, yet is now being considered for serious investment portfolios [4][5] Price Dynamics - Despite the ETF launch, Dogecoin's price remains approximately 80% below its all-time high, indicating that future price movements will largely depend on market flows and investor sentiment [6] - Experts caution that if inflows into the ETF slow down, it could lead to accelerated price corrections for Dogecoin [6]