Grayscale is about to make big moves! 🔥 Planning to launch GDOG—Dogecoin Trust ETF, providing regulated DOGE investment avenues for institutional investors 💼. As soon as the news broke, the DOGE price immediately rose by 2.5% 📈, and market sentiment is extremely optimistic!
This ETF will specifically hold Dogecoin, custodied by Coinbase Custody 📦, tracking the DOGE market price and operating passively without engaging in active trading. Once approved, institutional buyers are expected to flock in, potentially significantly enhancing market liquidity and stability 💎.
Of course, everything still depends on the SEC's approval ✅. But what is certain is that the institutional era of Dogecoin is slowly starting to unfold 🚀.
