🚀 Grayscale Moves to Launch First Spot Dogecoin ETF
Grayscale has officially filed with the SEC to create the Grayscale Dogecoin Trust — the first exchange-traded fund (ETF) designed to directly track Dogecoin’s price.
📌 Key Details:
To be listed on NYSE Arca under ticker GDOG
Sole asset: DOGE, held by Coinbase Custody
Shares created in batches of 10,000, settled in cash
Price benchmark: CoinDesk Dogecoin Reference Rate
📈 Following the news, Dogecoin’s price jumped nearly +2% in the past 24 hours.
⚠️ Grayscale highlights risks: DOGE’s notorious volatility, regulatory uncertainty, and competition in the crypto space.
💡 If approved, this would mark the first-ever spot DOGE ETF in the U.S., potentially opening the door for institutional investors to enter the meme coin market in a whole new way.
