WOW! Grayscale Launches a Dogecoin ETF with the Symbol "GDOG"
The most famous dog in the crypto world is set for its debut on Wall Street
In an unexpected twist, the asset management giant #Grayscale has submitted a new application to list and trade an exchange-traded fund (ETF) of #Dogecoin under the symbol " #GDOG ". This move could mark a milestone in the legitimization of memecoins at the institutional level.
According to the latest filing, the "Grayscale Dogecoin Trust" will change its name to "Grayscale Dogecoin Trust ETF" and, if approved by the U.S. Securities and Exchange Commission (SEC), will be listed on the NYSE Arca.
The Symbol "GDOG": Grayscale's proposal to use the symbol "GDOG" is a nod to the Dogecoin community and its brand identity, which could attract the attention of both retail and institutional investors alike.