$DOGE DOGE ETF opening on the NYSE next Monday? The crypto market is about to get lively again.

The most explosive news in the crypto market this week has arrived — a leading asset management firm's DOGE ETF (code GDOG) has passed approval and will directly list on the New York Stock Exchange next Monday. This is the first time DOGE is entering the traditional stock market in the form of an ETF product, and the memecoin champion is truly about to 'break out of its circle' this time.
Not only GDOG, but also the spot ETF for XRP is on the agenda, set to land on the New York Stock Exchange next Monday; there is also a product with the code GLNK that is preparing to follow suit next week. Is this rhythm indicating a mass migration of shitcoins into Wall Street?
Let's be realistic - there will definitely be short-term impacts. Traditional funds can now directly buy DOGE and XRP through brokerage accounts, and this influx of capital will likely drive up coin prices, while also invigorating liquidity during U.S. stock trading hours. The previous time zone difference where Asian markets would drop while European and American markets would rise might be smoothed out by ETF trading periods.
But the real highlight is yet to come: institutions used to rely on OTC or custody solutions to allocate encryption assets, but now with the ETF opening up, the threshold has been reduced to the level of buying stocks. This time, crypto coins might really transform from "high-risk speculative products" to alternative assets that even pension funds dare to touch. With more compliant products available, the industry may have less gambling nature and more motivation for technological implementation.
Of course, the risks must be made clear: the volatility of crypto assets is outrageous, and ETFs make it easier for ordinary investors to enter the market, but the losses can also be more severe. How subsequent regulatory policies will adjust and whether market sentiment will suddenly shift are all variables that remain uncertain.
Do you think the DOGE ETF will cause the coin price to soar, or will it ultimately be held back by regulation?