Cryptonian

Grayscale seeks nod from U.S SEC for $DOGE Dogecoin ETF under the ticker 'GDOG'

Grayscale Investments filed an S-1 registration with the SEC to convert its Dogecoin Trust into a spot ETF called GDOG on NYSE Arca. This pioneering move aims to make $DOGE Dogecoin, a meme coin with a market cap over $20 billion, accessible to institutional investors, potentially legitimizing the asset class amid a crypto-friendly regulatory shift. Dogecoin's price surged 15% on the news. Grayscale is not alone in vying for the SEC's sign-off for such a fund. Both Rex-Osprey and Btiwise have made similar filings. This comes as the agency is weighing dozens of different types of crypto ETFs from ones tracking SOL to $XRP in the wake of a friendlier presidential administration.

#DOGE #XRPETF