Grayscale Seeks Approval for Dogecoin Spot ETF, Potential for Market Shakeup

Grayscale Investments has submitted an application to the SEC seeking conversion of its Dogecoin trust into a spot-based exchange-traded fund (ETF), designated as GDOG. The proposed listing on NYSE Arca would bring increased liquidity and trading opportunities for Dogecoin. While no immediate price changes have been observed, this move signals growing institutional interest in meme coins.