Grayscale Doubles Down on Dogecoin ETF Ambitions with Revised SEC Filing
Grayscale just upped the ante in the meme coin ETF race—filing amended paperwork with the SEC to push a Dogecoin ETF forward. Because what’s finance without a little meme magic, right?
Behind the Filing Refresh
No new data? No problem. Grayscale’s move signals serious intent, refining its proposal to meet regulatory scrutiny head-on. They’re not just asking; they’re adapting.
Why It Matters Now
With crypto ETFs gaining traction, a Dogecoin fund could tap into retail frenzy and institutional curiosity—blending internet culture with portfolio strategy. Because sometimes the joke’s on the traditional finance crowd.
Closing Thought: If approved, it’ll be a landmark moment—proof that even ‘joke’ assets can wear a suit. Or maybe just that Wall Street will bet on anything with a chart.
Coinbase Tapped as Custodian
According to the filing on Friday, Grayscale has selected Coinbase to serve as both prime broker and custodian for the proposed dogecoin ETF, which would trade on NYSE Arca under the ticker GDOG, pending approval. NYSE Arca had already submitted a separate form to list the Grayscale Dogecoin Trust, signaling growing institutional interest in meme coin exposure through regulated markets.
Parallel Ethereum Filings
On the same day, NYSE Arca also filed proposals to amend the Grayscale ethereum Trust ETF and its “mini” version. Both products would be listed under recently approved generic listing standards, which allow certain crypto funds to come to market with fewer regulatory hurdles.
These standards, finalized earlier this week, are designed to simplify and shorten the approval process for digital asset ETFs.
A Rapidly Expanding ETF Landscape
Grayscale’s latest filings come during a surge of activity in the crypto ETF arena. On Wednesday, the SEC approved new listing standards for crypto funds, a decision some experts believe could unlock a wave of new products in the months ahead.
The move has already encouraged issuers to revisit stalled applications and expand beyond Bitcoin and Ethereum products. With Grayscale’s pursuit of a Dogecoin ETF, the firm is signaling that demand for regulated meme coin exposure may soon extend to mainstream investors.
Outlook
While approval is far from guaranteed, the filing underscores how quickly the U.S. ETF landscape is evolving. If cleared, GDOG WOULD mark the first Dogecoin ETF in the U.S., adding to Grayscale’s growing stable of digital asset investment vehicles and further testing the SEC’s willingness to embrace a broader mix of crypto assets in public markets.
