BREAKING: Grayscale Charges Into Meme Coin Arena With Dogecoin ETF Filing (GDOG Ticker)
Wall Street's crypto old guard just placed a billion-dollar bet on internet money. Grayscale—the firm that dragged the SEC kicking and screaming into Bitcoin ETF approval—has filed paperwork for a Dogecoin trust under ticker GDOG.
From joke to juggernaut in 12 years
The Shiba Inu-branded asset started as a literal meme in 2013. Now institutional investors might soon get exposure through a regulated product. Grayscale's move signals meme coins aren't just for degenerate traders anymore—they're becoming part of the diversified portfolio playbook.
The filing comes as DOGE trades 85% below its 2021 peak. But in crypto, even the dogs get second (and third, and fourth) chances. Just ask the hedge funds still bag-holding Grayscale's GBTC at a 20% discount.
