The financial world has recently witnessed an unexpected major event: the DOGE ETF has received formal approval from the SEC. This decision has not only made DOGE the focus of the mainstream financial market but has also sparked widespread discussion in the crypto world and TradFi.

The rise of DOGE is nothing short of legendary. It originally stemmed from a web joke in Australia, created by a programmer and a marketing expert, using the popular Shiba Inu meme 'Doge' as its logo. However, the turning point came on social media with tech entrepreneur Elon Musk. Musk mentioned DOGE multiple times on Twitter, greatly enhancing the awareness of DOGE and quickly making it an iconic symbol in internet culture.

Elon Musk's influence extends beyond just online popularity; every tweet he makes related to DOGE can trigger significant fluctuations in its price. This phenomenon highlights the immense impact of social media on emerging financial assets, while also raising concerns about the risks of market manipulation.

The approval of the DOGE ETF marks a gradual recognition of crypto assets within the TradFi system. This development not only brings more legitimacy and credibility to DOGE but also paves the way for other crypto assets to enter the mainstream financial market. However, it also presents new challenges: how to adhere to strict financial regulatory requirements while maintaining a spirit of innovation?

As DOGE gradually integrates into the TradFi system, investors and regulators need to reassess its risks and potential. How will the future development of DOGE affect the entire Crypto Assets ecosystem? Can it continue to maintain its unique cultural charm? The answers to these questions will gradually be revealed in the future.

Regardless, the transformation of DOGE from an internet joke to a formal financial product is undoubtedly a typical case of financial innovation in the digital age. Its story not only showcases the impact of internet culture on the financial market but also reflects how the TradFi system is striving to adapt to the rapidly changing digital economic environment.