The price of Dogecoin (DOGE/USD) initially rose by up to 3% to reach $0.061 on Monday morning, but later fell due to false rumors circulating about the approval of the iShares Bitcoin Spot ETF. BlackRock, the owner of iShares, clarified that the information was untrue. CoinTelegraph also apologized for a misleading tweet and is currently conducting an internal investigation, vowing to share the results with the public. This situation is significant for Dogecoin as it is often affected by news related to Bitcoin. Positive developments like ETF approval rumors can lead investors to buy into various cryptocurrencies, including Dogecoin. False rumors about the ETF approval can generate strong emotions and excitement among crypto investors, prompting some to hurriedly buy Dogecoin in hopes of a potential bull run. As a result, the demand for Dogecoin increased, leading to a higher price. As of Monday morning, Dogecoin was trading around $0.059 according to Benzinga Pro data.