You reason well, Dogecoin ks an entirely joke and shouldn't be given such leg up of having it own ETF just because Elon Musk is involved and now he have the support pf the current US president Donald Trump, making it possible for them to make such an attempt in the first place.
BTW I believe the right thing will be done when their finally come out from, their current reviews of that Dogecoin ETF thing, I also don't see a future in it.
There are so many things that started as a joke but have been taken serious now and dogecoin might just become one of them. While we keep calling it a joke, it is printing people money and the institutional investors do not care about what the project is doing, all they are concerned about is how to make money from it. You should not be suprise if it gets an ETF just as Bitcoin has. There are many other projects that you can say they deserve to have an ETF but in the background, the are just a joke as dogecoin is because they offer nothing. I have been doing some research on dogecoin and seen how it has grown with the support of some of the big players in the game. Dogecoin has big hype behind it and also big money therefore it is going to likely get its ETF approved at some point in the future.