Dogecoin News Today: Grayscale Files Dogecoin ETF as DOGE Rises 2.5% on News

Grayscale Investments has submitted a registration statement for a spot Dogecoin (DOGE) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), representing a major development in its strategy to expand crypto investment offerings beyond Bitcoin and Ethereum. The filing, done under Form S-1, proposes the creation of the Grayscale Dogecoin Trust ETF, which will trade under the ticker “GDOG” on NYSE Arca if approved [1]. The product will convert the existing Grayscale Dogecoin Trust into a publicly traded ETF structure, offering investors a more liquid and accessible investment vehicle [2].

The proposed ETF will be backed by Dogecoin holdings stored by Coinbase Custody Trust Company, a trusted institutional custodian, while BNY Mellon will serve as the fund’s administrator and transfer agent. Coinbase Inc. is designated as the prime broker for the ETF, and shares will be issued in blocks of 10,000, known as “Baskets,” with all transactions settled in cash. This mechanism aims to ensure the ETF’s price remains closely aligned with the actual market price of Dogecoin [3].

This filing adds to the growing list of applications for meme-coin ETFs submitted to the SEC by other firms, including Bitwise and Rex-Osprey. The regulatory environment has been increasingly accommodating, with recent approvals of spot Bitcoin and Ethereum ETFs, and the introduction of in-kind creation and redemption mechanisms for crypto funds. However, the approval process for new products such as the GDOG ETF remains under review [4].

The news triggered a positive market reaction, with Dogecoin’s price rising approximately 2.5% within 24 hours of the filing announcement [5]. As of the latest available data, DOGE traded at $0.2314, with a market capitalization of $35.08 billion and a 24-hour trading volume of $3.04 billion [6]. The broader crypto market has seen a decline of nearly 37.90% over the same period, but DOGE’s performance indicates strong investor interest in the coin and its potential inclusion in a regulated investment product [7].

If the Grayscale Dogecoin ETF is approved, it would offer a fully backed, regulated vehicle for investors to gain exposure to Dogecoin without the need to hold the asset directly. This could encourage greater participation from both retail and institutional investors and further integrate alternative cryptocurrencies into mainstream financial markets. The competitive landscape is intensifying, with multiple firms seeking to offer similar products to meet growing investor demand for diversified crypto exposure [8].

Source:

[1] Crypto News - Grayscale Files for Dogecoin ETF (https://coinpedia.org/news/crypto-news-grayscale-files-second-application-for-dogecoin-etf-market-reacts/)

[2] Grayscale Files S-1 for Dogecoin ETF, DOGE Price Spikes (https://www.cryptotimes.io/2025/08/16/grayscale-files-with-sec-for-dogecoin-etf-under-ticker-gdog/)

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

[4] 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/)