🚀 Grayscale Files ETF Application for Dogecoin
Grayscale has submitted an official application to the U.S. Securities and Exchange Commission (SEC) to convert the Grayscale Dogecoin Trust into the first Spot ETF for Dogecoin under the ticker GDOG.
🔹 Custody at Coinbase Custody
🔹 Issuance and redemption in batches of 10,000 units
🔹 Passive fund without leverage or derivatives
🔹 Based on official indices for DOGE pricing
📈 Upon announcement, the price of Dogecoin rose by 2% – 2.5% with expectations of massive investment inflows if approved.
