DOGE to the Moon: Grayscale’s Dogecoin Spot ETF Filing Sparks Bullish Sentiment Ahead of SEC Decision

Grayscale has taken a significant step toward bringing Dogecoin (DOGE) into the mainstream financial ecosystem by filing an S-1 registration statement with the SEC for its proposed Dogecoin Spot ETF. The Grayscale Dogecoin Trust, structured as a Delaware Statutory Trust, aims to offer investors indirect exposure to DOGE without the hurdles of direct custody. With the SEC's decision expected by mid-October 2025, this development could mark a pivotal moment for DOGE's adoption and price trajectory. The filing, submitted in February 2025, enters a 240-day review window, placing the crypto community on high alert for potential approval. As of August 2025, market sentiment around DOGE is increasingly bullish, with many anticipating heightened institutional interest and price appreciation if the ETF gains regulatory greenlight. This move underscores the growing legitimacy of meme coins in traditional finance and could pave the way for further crypto ETF innovations.

Grayscale Files S-1 for Dogecoin Spot ETF, SEC Decision Expected by Mid-October 2025

Grayscale has formally submitted an S-1 registration statement to the SEC for its proposed dogecoin Spot ETF, marking a critical step toward potential approval. The Grayscale Dogecoin Trust, structured as a Delaware Statutory Trust, aims to provide investors with indirect exposure to DOGE without the complexities of direct custody.

The SEC's review window extends to 240 days following its February 2025 acknowledgment of NYSE's 19-4b filing. Approval would position DOGE alongside Bitcoin and ethereum as cryptocurrencies with mainstream investment vehicles, potentially catalyzing broader meme coin adoption.

Dogecoin Price Prediction: $1 Target May Be Conservative as Whales Accumulate

Dogecoin's market dynamics suggest accelerating momentum, with whales acquiring over 1 billion DOGE worth $200 million in recent weeks. The meme coin's first Golden Cross since 2024 and steady position NEAR $0.24 indicate potential for a rally toward $0.295, with some analysts speculating the $1 forecast for 2025 underestimates its upside.

Technical patterns reveal striking parallels to previous bull cycles—DOGE posted gains of 8,211% and 2,228% in prior runs. Current accumulation by wallets holding 100 million to 1 billion Doge mirrors historical breakout conditions, fueling projections of $0.70-$1.00 by late 2025.

While institutional interest grows amid ETF speculation, emerging payment-focused tokens like Remittix (RTX) are drawing attention for potentially higher returns. Market participants appear divided between established meme coins and newer, lower-cap alternatives.

Grayscale Files for Dogecoin ETF Amid Growing Institutional Interest

Grayscale Investments has filed for a spot Dogecoin ETF under the ticker GDOG, signaling a potential watershed moment for meme coins in traditional finance. The move follows the firm's successful conversion of its Bitcoin and Ethereum trusts into ETFs, with plans to list the proposed Dogecoin ETF on NYSE Arca.

Dogecoin's price has risen 2% since the filing, a modest gain that belies its broader implications. Competing ETF proposals from REX-Osprey and Bitwise suggest institutional momentum is building, with prediction market Polymarket assigning a 75% probability of SEC approval this year.

Market analysts anticipate an ETF approval could validate Dogecoin for institutional investors, potentially unlocking significant liquidity and catalyzing a new rally. The development comes as traders eye Maxi DOGE ($MAXI), a new presale token positioning itself as a Leveraged play on Dogecoin's ecosystem.