Dogecoin has achieved a significant milestone with Grayscale’s launch of the first U.S.-listed spot Dogecoin ETF, GDOG. Trading began on November 24, 2025, on NYSE Arca, giving US investors direct access to Dogecoin through traditional brokerage accounts for the first time. This landmark shift positions Dogecoin alongside established cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana within the growing landscape of U.S.-listed spot ETFs. The fund operates as a physical ETF, holding real Dogecoin stored by Coinbase Custody, rather than derivatives, ensuring direct asset exposure. The GDOG ETF charges a 0.35% management fee, aligning with Grayscale’s commitment to more cost-effective crypto products for investors. This development marks a key step forward for Dogecoin, providing it with regulatory legitimacy and opening doors for institutional investment that was previously unavailable due to restrictions.