The core impact of the DOGE ETF is not the price, but the capital structure.

Many people's first reaction is: Will the DOGE ETF directly pump the price? But based on the experience of Bitcoin ETFs, what truly changes the market is not short-term gains, but the reshaping of the capital structure. The ETF does not bring speculative hot money, but long-term, passive, low-turnover capital attributes.
In the past, DOGE's capital structure was highly dependent on retail investor sentiment. Once the enthusiasm waned, the price retraced very quickly. After the ETF listing, some of the demand for DOGE will come from pension funds, asset allocation accounts, and index products. These funds do not chase hot trends or engage in short-term trading, but they can provide a buffer during downturns. This is very significant for high Beta assets like DOGE.
However, it is important to be cautious: an improved capital structure does not equal continuous upward movement. ETFs are more about "bottom support" rather than "continuous price pushing." In the future, DOGE is more likely to exhibit a new pattern of "volatility convergence but trend still driven by sentiment." In other words, DOGE will no longer be a complete casino chip, but will become an alternative asset that can be allocated, yet still highly emotional.