The proposed product, called the Grayscale Dogecoin Trust, would allow investors to gain direct exposure to DOGE without having to buy or store the cryptocurrency themselves.

News of the filing helped push Dogecoin’s price nearly 2% higher over the past 24 hours.

If approved, the fund would trade on the New York Stock Exchange Arca under the ticker symbol GDOG. According to the filing, the trust will hold Dogecoin as its only asset, with Coinbase Custody acting as custodian.

Shares will be created and redeemed in large batches, known as “Baskets,” each equal to 10,000 shares, and settled in cash rather than through DOGE transfers.

The ETF’s price will track the CoinDesk Dogecoin Reference Rate, reflecting the market value of DOGE before fees or liabilities. Grayscale emphasized that the trust will operate as a passive investment vehicle, with no leverage, derivatives, or active trading.

The filing comes under new listing procedures issued by NYSE Arca in January 2025. However, the trust cannot begin offering shares until the SEC signs off. Grayscale also flagged risks for potential investors, including Dogecoin’s notorious volatility, regulatory uncertainty, and competition from other digital assets.

Should the proposal clear regulatory hurdles, the Grayscale Dogecoin Trust would mark the first spot DOGE ETF in the U.S., potentially opening the door for institutional investors to enter the meme coin market in a way not previously possible.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Filed under: Bitcoin - @ August 16, 2025 9:12 am