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Dogecoin ETF Emerges Amid Rising Popularity of Musk’s D.O.G.E

  • Bitwise has filed a proposal for a Dogecoin exchange-traded fund (ETF), aiming to legitimize Dogecoin in the financial market.
  • The filing comes as Dogecoin gains popularity as the world's largest memecoin, with a market capitalization of $51.60 billion.
  • The ETF approval could attract institutional investors and provide credibility to Dogecoin, originally a joke token.
  • The connection between Dogecoin and Elon Musk's D.O.G.E. agency adds to its appeal and symbolic weight.

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