Grayscale has launched GDOG, the first U.S.-based spot Dogecoin ETF, listed on NYSE Arca. This product offers investors a low-cost way to gain exposure to Dogecoin without directly buying the token, with a 0% fee for the first $1 billion in assets or the first three months of trading. While it’s not regulated as a mutual fund, Grayscale expects interest from both retail and speculative traders due to the lack of fees and novelty factor. The launch comes amid declining memecoin popularity and market risk-off sentiment, although some believe this product could capitalize on renewed interest in Dogecoin within the crypto landscape. 0% fee for the first $1 billion in assets or three months.