In response to a current social media put up by ETF analyst Eric Balchunas, cryptocurrency asset supervisor Grayscale is on observe to launch the very first Dogecoin ETF as early as Nov. 24.
The date will likely be formally confirmed as quickly as there may be an official itemizing discover.
Grayscale is changing its present Grayscale Dogecoin Belief into a totally tradable ETF. Their S-1 submitting outlines that the fund will likely be passively managed, maintain solely DOGE, and use the CoinDesk Dogecoin Reference Charge for pricing.
The corporate filed the S-1 type with the SEC to register shares of the Grayscale Dogecoin Belief in August.
This might be the primary memecoin ETF to be authorised within the US.
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Then there’s 21Shares, a Swiss asset supervisor that submitted its personal S-1 to the SEC. Their proposal even includes a partnership with the “Home of Doge” (the company arm of the Dogecoin Basis) to assist out with advertising and marketing.
In response to information supplied by CoinGecko, DOGE presently has a market cap of $24.2 billion, which makes it the tenth largest cryptocurrency by market capitalization.
There may be an present spot‑Dogecoin ETF within the U.S.: the REX‑Osprey DOGE ETF (DOJE), which launched in mid-September. Nonetheless, it’s now a spot-based product.
Different current altcoin launches
As reported by U.Right now, Canary Capital not too long ago launched the very first spot XRP ETF.
Within the meantime, world funding administration agency VanEck has debuted its Solana ETF within the US with zero charges.