Grayscale Launches Spot Dogecoin ETF: GDOG Ticker on NYSE Arca

Grayscale has filed an S-1 registration statement with the SEC for a spot Dogecoin ETF, trading under ticker GDOG on NYSE Arca. Coinbase Custody will safeguard DOGE holdings in a passive ETF structure. Despite rising meme coin ETF filings, DOGE trades at $0.23, showing no rally. The ETF proposal joins similar applications from Rex-Osprey and Bitwise as the SEC weighs dozens of cryptocurrency ETF filings.

Grayscale, a prominent digital asset management firm, has filed an S-1 registration statement with the Securities and Exchange Commission (SEC) to launch a spot Dogecoin ETF, named Grayscale Dogecoin Trust ETF. The ETF will trade under the ticker symbol GDOG on the New York Stock Exchange Arca [1].

The filing details the trust's structure, with Dogecoin (DOGE) serving as the sole asset. Coinbase Custody Trust Company will safeguard the ETF's assets. The trust will issue and redeem shares in blocks of 10,000, referred to as "Baskets," with initial settlement taking place in cash rather than through DOGE transfers [1].

The Dogecoin ETF's value will mirror the CoinDesk Dogecoin Reference Rate, representing DOGE's market price without fees or liabilities. The trust aims to operate passively, without active trading, leverage, or derivative usage [1].

The filing comes amidst a surge in meme coin ETF applications. DOGE's price rose 2.5% following the announcement, reaching $0.22976 from $0.22395. The token's price has been on a steady incline, gaining 2.67% over the last seven days and 14.65% over the past 30 days [1].

The ETF proposal aligns with NYSE's updated listing requirements from January 31, 2025. Grayscale has indicated that share offerings will only commence once the application is authorized [1].

This filing follows Grayscale's earlier attempt to launch a Dogecoin ETF, as well as applications from other firms like Rex-Osprey and Bitwise. The SEC has yet to approve any of these proposals, with dozens of cryptocurrency ETF filings pending [1].

References:

[1] Grayscale Files for Spot Dogecoin ETF; DOGE Price Surges [https://www.cryptopolitan.com/grayscale-files-for-spot-dogecoin-etf/](https://www.cryptopolitan.com/grayscale-files-for-spot-dogecoin-etf/)