Grayscale Files Dogecoin ETF Proposal to NYSE Arca

Grayscale has formally filed an S-1 registration with the SEC, aiming to launch a Dogecoin ETF under the ticker ‘GDOG’ on NYSE Arca, leveraging Coinbase Custody Trust Company as the custodian. This filing could broaden access to cryptocurrency for traditional investors, potentially impacting Dogecoin’s market presence although prices haven’t shown immediate reaction. Grayscale, known for pioneering Bitcoin and Ethereum Trusts with assets exceeding $33 billion, is behind this application. The firm’s proposed ETF aims to trade under the ticker ‘GDOG’ on NYSE Arca and is set to bring their expertise in managing digital assets to Dogecoin.