Grayscale has filed a formal application for a Dogecoin Exchange Traded Fund (ETF) under the ticker GDOG, aiming to bring meme coin access to both retail and institutional investors in the US. This filing comes amid increased scrutiny of crypto ETFs from the Securities and Exchange Commission (SEC). The move signals a growing confidence in the potential for mainstream adoption of meme coins, as competition for approvals heats up with other firms such as Bitwise and Rex-Osprey also making filings for spot Dogecoin ETFs. While the SEC has recently shown greater openness towards approving crypto ETFs, including Bitcoin and Ethereum-based products, Grayscale’s filing could potentially lead to a wider regulatory approval process for meme-coin ETFs in the near future. The SEC’s recent shift toward more flexible guidelines on crypto ETF approvals might also impact other firms seeking permission to launch similar products like Solana, XRP, TRUMP, BONK, and Pudgy Penguins. The outcome of Grayscale’s application is crucial as it could significantly impact both retail and institutional investors looking to invest in Dogecoin.