Grayscale has launched the United States’ first spot Dogecoin exchange-traded fund (ETF), marking a significant step forward in crypto-based financial products entering mainstream markets. The ETF, trading under the ticker GDOG, was highlighted by Bloomberg ETF analyst Eric Balchunas who noted Grayscale’s 35-basis-point management fee, fully waived for the first $1 billion or the first three months, whichever comes first. This move is seen as an aggressive strategy to attract early investors and capitalize on Grayscale’s position as the first issuer to bring a spot Dogecoin ETF to U.S. markets. 33 Act pic.twitter.com/QbdLLxejhr — Eric Balchunas (@EricBalchunas) November 24, 2025