Grayscale Launches First U.S. Spot Dogecoin ETF: Direct Access to Meme Coin Fuels Market Interest

Grayscale Investments has launched the first-ever U.S. spot Dogecoin ETF, the Grayscale Dogecoin Trust ETF (GDOG), on NYSE Arca. This landmark move opens direct and regulated access to Dogecoin for both institutional and retail investors. The launch signifies a significant step forward in mainstream financial acceptance of cryptocurrencies. Initial trading volume surged to $1.4 million on November 24th, 2025, reflecting market enthusiasm for this meme coin’s real-world utility.