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Sujit Kumar
Feb 1, 2025

Grayscale Moves to Launch Dogecoin ETF as SEC Review Begins

Dogecoin ETF
Grayscale has taken a significant step toward launching a Dogecoin exchange-traded fund (ETF). NYSE Arca has formally submitted a request to the U.S. Securities and Exchange Commission (SEC) to approve a rule change that would allow the listing of the ETF.

This follows Grayscale’s announcement of its Dogecoin Trust, signaling its growing focus on expanding crypto ETF offerings.

Dogecoin ETF: What Investors Should Know

If approved, the Dogecoin ETF will provide investors with exposure to DOGE without requiring direct ownership of the cryptocurrency. Coinbase Custody Trust will handle asset custody, while BNY Mellon will manage administration.

The SEC has 45 days to review the application, though the process could be extended up to 90 days.

Growing Interest in Dogecoin ETFs

Grayscale’s move comes amid increasing competition in the Dogecoin ETF space. Bitwise has also applied for a DOGE-based fund, highlighting the rising institutional interest in the world’s most valuable meme coin.

Meanwhile, Grayscale continues to expand its ETF portfolio, having recently filed to convert its XRP Trust into an ETF and exploring similar options for Litecoin and Solana. The firm’s previous legal victory against the SEC paved the way for spot Bitcoin and Ethereum ETFs, boosting optimism for future approvals.

Regulatory Outlook

Analysts believe Dogecoin and Litecoin ETFs may face fewer regulatory hurdles than Solana and XRP, as they have not been classified as securities by the SEC.

With momentum building in the crypto ETF space, all eyes are now on the SEC’s decision in the coming months.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Grayscale Moves to Launch Dogecoin ETF as SEC Review Begins
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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