Dogecoin News Today: Grayscale Files for Spot Dogecoin ETF as Price Surges 6%

Grayscale has intensified its campaign to launch a spot Dogecoin (DOGE) exchange-traded fund (ETF), submitting a new S-1 filing with the U.S. Securities and Exchange Commission (SEC). The proposed ETF, which would trade under the ticker GDOG on the New York Stock Exchange Arca, aims to provide investors with regulated exposure to Dogecoin. The trust structure outlined in the filing will hold only Dogecoin, with Coinbase Custody Trust Company serving as the custodian. Shares of the ETF will be issued and redeemed in blocks of 10,000 units, referred to as Baskets, and initially settled in cash [1].

This marks Grayscale’s second Dogecoin ETF filing in 2025, following an initial application in March that remains under review. The resubmission on August 15 signals the company’s determination to move forward despite regulatory delays. Competitors such as Bitwise, Rex Shares, Osprey, and 21Shares are also in the race for Dogecoin ETF approvals, highlighting the growing institutional interest in altcoins beyond Bitcoin and Ethereum. All applications are being processed within the SEC’s standard 240-day review period. A decision is expected between October 2025 and January 2026, a timeframe that has heightened anticipation across the crypto market [1].

The announcement has already triggered a positive market reaction. Dogecoin’s price surged by up to 6 percent shortly after the filing, pushing the token to a high of $0.2314 and raising its total market capitalization to around $34 billion. The spike underscores the belief among investors that a regulatory-approved ETF could significantly boost Dogecoin’s legitimacy and adoption. Analysts note that such a product could attract both retail and institutional capital by offering a secure and familiar investment vehicle, similar to existing Bitcoin and Ethereum ETFs [1].

Grayscale’s initiative reflects a broader trend of diversification in the crypto asset space. With Bitcoin and Ethereum ETFs already approved, firms are now exploring opportunities with meme coins and lower-cap cryptocurrencies. This shift is driven by the growing demand for alternative crypto investments that offer higher volatility and potential returns. Dogecoin, despite its origins as a joke coin, has gained traction as a speculative and community-backed asset. A Grayscale ETF could provide a gateway for traditional investors seeking exposure to this segment without the complexities of direct custody [2].

The regulatory landscape, however, remains a key variable. While the SEC has taken a more accommodating approach to Bitcoin and Ethereum ETFs, it has not yet indicated how it will treat altcoins like Dogecoin. The agency’s evaluation process involves input from various stakeholders and has not established a clear timeline for decisions on Dogecoin-related applications. Any delays or rejections could temper investor enthusiasm, while an approval would likely accelerate the development of new crypto-backed investment products [3].

The market is now watching closely for regulatory signals, with the outcome of the Dogecoin ETF applications poised to shape the next phase of crypto adoption. If Grayscale’s proposal is approved, it could serve as a precedent for other meme coins and lower-cap assets, potentially reshaping the investment landscape for digital assets [4].

Sources:

[1] CoinMarketCap, title: Grayscale Pushes for Spot Dogecoin ETF as SEC Review Sparks Market Frenzy

(url: https://coinmarketcap.com/community/articles/68a06cb50be0247aa9a98abb/)

[2] CryptoNinjas, title: CryptoNinjas - Cryptocurrency & Blockchain Asset Source

(url: https://www.cryptoninjas.net/)

[3] CoinGape, title: Pennant Breakout Signals $6 Rally Amid Whale Buying as ...

(url: https://coingape.com/markets/xrp-price-prediction-pennant-breakout-signals-6-rally-amid-whale-buying-as-xxrp-etf-hits-462m/)

[4] Advisor, title: Contents - Bloomberg News

(url: https://www.advisorperspectives.com/firm/bloomberg-news)