Recently, the crypto assets industry received a significant piece of news: Grayscale's application for a DOGE ETF has received preliminary approval from the SEC. This event was like dropping a heavy bomb in the crypto world, instantly sparking widespread attention and discussion. As a well-known Meme coin, the progress of DOGE's ETF application has always attracted attention. Grayscale, as an important institution in the crypto assets field, has its every move closely watched by the market. This preliminary approval not only affects the price and market trends of DOGE itself but is also seen as an important milestone in the development of the Meme coin market, with some even predicting that 2025 could become the "Year of Meme Coin ETFs."