Grayscale Investments has filed a formal application with the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Dogecoin Trust into an Exchange-Traded Fund (ETF). If approved, the ETF, which would trade on NYSE Arca under the ticker symbol GDOG, would be the first of its kind for Dogecoin.
This move aims to provide institutional investors with a regulated way to gain exposure to DOGE, potentially increasing its market liquidity and broadening its reach. Coinbase Custody Trust Company has been named as the custodian for the trust's assets.
The SEC's decision is still pending, and there have been no official comments from Grayscale's CEO or the SEC regarding the proposal. The outcome is highly anticipated, as previous approvals for Bitcoin and Ethereum ETFs have had a significant impact on their respective markets. While the proposal signals Grayscale’s continued confidence in bridging the gap between crypto and traditional finance, the approval process still faces hurdles.
August 2025, Cryptoniteuae