Grayscale Pushes Dogecoin ETF Bid As Rivals See Record-Breaking Debuts
Grayscale has taken one other step towards increasing its product suite, submitting an amended S-1 to transform its Dogecoin Trust right into a listed exchange-traded fund.
The revision comes simply weeks after its preliminary utility and displays ongoing discussions with regulators about how a Dogecoin ETF might match into the SEC’s evolving framework for digital belongings.
Grayscale Updates Filing for Dogecoin ETF
If the proposal is cleared, the fund would trade on NYSE Arca under the ticker GDOG, with Coinbase lined up as each prime dealer and custodian.
“The Trust’s goal is to carry “DOGE”, that are digital belongings which are created and transmitted by the operations of the peer-to-peer Dogecoin Network, a decentralized community of computer systems that operates on cryptographic protocols,” the submitting added.
The modification displays Grayscale’s intent to maintain tempo with rivals, notably as investor appetite for meme-coin-linked vehicles grows.
That urgency was evident in Rex Shares’ Osprey’s Dogecoin ETF, which instantly drew heavy curiosity at its launch.
Bloomberg analyst Eric Balchunas reported that DOJE traded nearly $6 million within the first hour and closed at $17 million in quantity, rating among the many high 5 ETF debuts of 2025.
The robust exhibiting illustrates how speculative belongings like Dogecoin can nonetheless generate outsized demand when supplied by regulated merchandise.
GDLC’s Strong Market Debut
Notably, Grayscale’s rollout of the CoinDesk Crypto 5 ETF (GDLC) bolstered the rising curiosity within the crypto market.
The fund, designed to trace the 5 largest cryptocurrencies by market capitalization, attracted $22 million in inflows on its first buying and selling day.
Balchunas famous that whereas these figures fall wanting Bitcoin ETF information, they nonetheless far outpace the common ETF launch, highlighting the rising willingness of buyers to allocate by regulated crypto baskets.
Meanwhile, the outcomes additionally align with broader regulatory developments which have made the rising trade enticing.
The SEC not too long ago launched a Generic Listing Standard for crypto ETFs, a rule designed to shorten approval occasions and bypass the standard 240-day ready interval for filings that meet core necessities.
Market analysts consider this adjustment might unlock more than 100 new applications inside a yr, setting the stage for intensified competitors amongst issuers.
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