Dogecoin News Today: Grayscale Files Dogecoin ETF Application as DOGE Rises 2%

Grayscale Investments has submitted an application to the U.S. Securities and Exchange Commission (SEC) to convert its existing Grayscale Dogecoin Trust into a spot exchange-traded fund (ETF), which would trade under the ticker symbol "GDOG" on NYSE Arca. The firm made the announcement on August 15, 2025, marking a significant step in the institutional adoption of Dogecoin (DOGE) [2]. The proposed ETF would be structured as a passive investment vehicle that directly holds Dogecoin, without the use of derivatives or leverage, aligning with the trust’s current structure [1].

This application is the latest in a series of regulatory developments in the crypto space, including the SEC’s recent approvals of spot ETFs for Bitcoin and Ethereum and the re-evaluation of prior Grayscale applications following court rulings [3]. The firm has also partnered with Coinbase Custody Trust to manage the custody of the ETF’s assets, emphasizing its commitment to institutional-grade infrastructure [1]. If approved, the ETF would be renamed the Grayscale Dogecoin Trust ETF and begin trading on NYSE Arca [1].

The filing is part of a broader trend of institutional interest in crypto ETFs. Several other firms, including Rex-Osprey and Bitwise, have also submitted applications for Dogecoin-related ETFs [2]. The SEC’s recent rule changes on in-kind redemptions and favorable court decisions suggest a more open regulatory environment for digital assets, potentially increasing the likelihood of approval for Grayscale’s proposal.

Following the filing, Dogecoin’s price saw a modest increase, rising nearly 2% within 24 hours, reflecting investor optimism about the potential listing [4]. While the 24-hour trading volume of DOGE dropped by 23.90% in the same period, the asset has shown resilience, posting a 33.44% gain over the past 60 days despite a minor weekly decline [1]. Analysts suggest that the approval of the GDOG ETF could mirror the success of other crypto ETFs, potentially increasing liquidity and institutional participation [6].

Grayscale previously converted its Bitcoin and Ethereum trusts into ETFs, which significantly boosted market activity for those assets [1]. The firm’s move with Dogecoin could have similar effects, especially as the crypto market continues to evolve and more institutional players enter the space. The Coincu research team has noted that while DOGE remains volatile, the potential alignment with SEC expectations offers cautious optimism for long-term adoption [1].

The regulatory landscape for digital assets remains dynamic, and the approval of the GDOG ETF could serve as a pivotal moment in the broader acceptance of cryptocurrencies as investment vehicles. Investors will be closely watching the SEC’s decision, as the outcome could influence future applications and shape the trajectory of the crypto market.

Source:

[1] Grayscale Files Dogecoin ETF Application as DOGE Rises – (https://www.ainvest.com/news/dogecoin-news-today-grayscale-files-dogecoin-etf-application-doge-rises-2-5-2508/)

[2] Grayscale Files with SEC for Dogecoin ETF Under Ticker ... – (https://www.cryptotimes.io/2025/08/16/grayscale-files-with-sec-for-dogecoin-etf-under-ticker-gdog/)

[3] Grayscale Files for Spot Dogecoin ETF Amid SEC Delays – (https://www.cryptopolitan.com/grayscale-files-for-spot-dogecoin-etf/)

[4] Grayscale Files S-1 for Dogecoin ETF, DOGE Price Spikes – (https://coingape.com/grayscale-files-s-1-for-dogecoin-etf-doge-price-spikes/)

[6] Grayscale Dogecoin Trust Files Registration Statement – (https://www.ainvest.com/news/grayscale-dogecoin-trust-files-registration-statement-catalyst-institutional-validation-retail-momentum-meme-coin-space-2508/)