Grayscale has filed an S-1 registration with the SEC to launch a Dogecoin ETF under the ticker ‘GDOG’ on NYSE Arca, with Coinbase as custodian.
The filing could expand traditional investors’ access to cryptocurrency, potentially affecting Dogecoin’s market presence although no immediate price change has followed.
Grayscale has filed an S-1 registration with the U.S. SEC to launch the Grayscale Dogecoin Trust ETF. The ETF aims to trade under the ticker “GDOG” on NYSE Arca, with Coinbase Custody Trust Company as the sole custodian.
The filing was made public on August 15, 2025. Grayscale, a global digital asset manager, is behind the application. Known for pioneering the Grayscale Bitcoin and Ethereum Trusts, the company’s assets now exceed $33 billion.
Grayscale Proposes ‘GDOG’ ETF With Coinbase Custody
Dogecoin Trading at $0.23 as Grayscale Files ETF
Dogecoin’s price was reported at $0.23 during the filing, with minimal immediate market effects. Grayscale’s entry into Dogecoin is seen as enhancing legitimization for meme coins, reflecting cautious optimism among investors and the community.
Industry analysts predict the ETF could provide traditional investors with easy access to Dogecoin in regulated markets. While there is no substantial on-chain flow from the ETF, its introduction may influence broader altcoin markets.
Prior Grayscale ETFs Drive Regulatory Precedents
Grayscale’s previous launches of spot Bitcoin and Ether ETFs saw significant increases in assets under management. These ETFs have established regulatory precedents. The DOGE proposal accompanies other meme coin filings, suggesting growing acceptance.
Kanalcoin experts emphasize that historically, such ETF approvals have spurred institutional capital inflows. Given prior outcomes, a successful DOGE ETF could positively impact Dogecoin’s market dynamics, as was observed with Bitcoin and Ethereum.
“The Trust’s investment objective is for the value of the Shares to reflect the value of DOGE held by the Trust, as determined by the CoinDesk Dogecoin Reference Rate, less the Trust’s expenses and other liabilities.”
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