#doge⚡

💥First US DOGE Spot ETF Launched: Net Inflows Zero, Cash Redemption Only Supported

On November 24th (Eastern Time), Grayscale's first-ever DOGE single-token spot ETF, Grayscale GDOG (ticker symbol: GDOG), officially debuted on the NYSE, attracting significant market attention.

📊First Day Performance (SoSoValue Data):

Net Inflows: 0 (Institutions have not yet entered the market, indicating a wait-and-see attitude)

Trading Volume: $1.41 million

Total Net Asset Value: $1.71 million

💡 Notable Aspects:

GDOG uses a cash redemption model and does not support physical delivery, making it more friendly to traditional institutions;

The management fee is only 0.19%, setting a new record for low fees for crypto ETFs. Grayscale's goal is clear: to make DOGE a "meme exposure that can be held by a wider range of institutions."

📈Market Significance: The launch of the DOGE ETF marks the first time this established Meme coin has entered the US compliant asset system, officially ushering in the institutional era of Meme assets. Although no large-scale capital inflow was observed on the first day, trading activity was high, potentially indicating that larger-scale funds are awaiting further confirmation.

👉Summary: DOGE has moved from jokes to Wall Street; now it remains to be seen when the funds will act.