It’s officially confirmed: Grayscale has applied to the SEC for a spot ETF for Dogecoin. Yes, Dogecoin. The very coin that started as a joke about a dog, a meme, and internet culture. Now it’s heading to Wall Street, with an S-1 form in hand.
The ETF will be called GDOG, it sounds like a rapper from the outskirts of New York. The fund's shares will be traded on NYSE Arca, and if the SEC doesn't decide to play the role of a boring librarian, Dogecoin will find its place among 'respectable assets.'
But let’s pause for a second and realize: A world where there is an ETF for Dogecoin is a world where memes are officially recognized as investment instruments.
Dogecoin is now competing on equal footing with gold, oil, and the S&P 500.
And somewhere deep in the SEC, a lawyer is sitting right now who has to write in dry bureaucratic language that 'the ETF reflects the fair market value of the internet dog.'
And you know what? Investors are happy. On the news, the price of DOGE jumped by 2–2.5%. Not explosive growth, but enough for you to get a green notification on your phone: 'Your joke is making a profit again.'
Of course, there are skeptics. They will say: 'This is a bubble. This is not serious. Where is the financial world headed?' Where - where, to fun! Just look at the reality: dollars are being printed by the ton, inflation is gnawing at your savings, and the SEC is about to decide whether to include Dogecoin in the 'official list of respected assets.'
And to be honest, a Dogecoin ETF makes sense. In a world where the President of the United States is again Donald Trump, where Elon Musk can change the market with a single tweet, where memes control elections, is it fair to leave memes without access to Wall Street?
So, get ready: we will have an ETF backed not by gold or oil, but by a meme of a dog. And perhaps this is the most honest reflection of our era.
