Grayscale Launches Spot Dogecoin ETF on NYSE Arca

Grayscale has made a significant move in the world of cryptocurrency ETFs by launching its first spot Dogecoin ETF, GDOG, on NYSE Arca. This launch signifies a breakthrough for memecoin investments and opens regulated DOGE exposure to both institutional and individual investors. The price of Dogecoin (DOGE) experienced a 4.5% surge upon its debut, with trading initially reaching $0.152 before encountering resistance at the $0.1495 level, reflecting typical trends observed in previous crypto ETF launches such as Bitcoin and Ethereum.