Grayscale has taken one other step towards increasing its product suite, submitting an amended S-1 to transform its Dogecoin Belief right into a listed exchange-traded fund.
The revision comes simply weeks after its preliminary software and displays ongoing discussions with regulators about how a Dogecoin ETF might match into the SEC’s evolving framework for digital property.
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Grayscale Updates Submitting for Dogecoin ETF
If the proposal is cleared, the fund would commerce on NYSE Arca beneath the ticker GDOG, with Coinbase lined up as each prime dealer and custodian.
“The Belief’s function is to carry “DOGE”, that are digital property which can be created and transmitted by the operations of the peer-to-peer Dogecoin Community, a decentralized community of computer systems that operates on cryptographic protocols,” the submitting added.
The modification displays Grayscale’s intent to maintain tempo with opponents, notably as investor urge for food for meme-coin-linked automobiles 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 practically $6 million throughout the first hour and closed at $17 million in quantity, rating among the many prime 5 ETF debuts of 2025.
The sturdy exhibiting illustrates how speculative property like Dogecoin can nonetheless generate outsized demand when provided by regulated merchandise.
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GDLC’s Sturdy Market Debut
Notably, Grayscale’s rollout of the CoinDesk Crypto 5 ETF (GDLC) strengthened 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 in need of Bitcoin ETF data, they nonetheless far outpace the typical ETF launch, highlighting the rising willingness of traders to allocate by regulated crypto baskets.
In the meantime, the outcomes additionally align with broader regulatory developments which have made the rising business engaging.
The SEC lately launched a Generic Itemizing Commonplace 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 greater than 100 new functions inside a 12 months, setting the stage for intensified competitors amongst issuers.