Grayscale Launches First Dogecoin ETF: Market Excitement Rises

Following recent regulatory changes streamlining the process for creating Exchange-Traded Funds (ETFs), Grayscale has released the first Dogecoin (DOGE) ETF in the US under 33 ACT regulations. The new product, known as GDOG, boasts an initial expense ratio of 0.35%, with potential for a reduction to 0% within the first billion dollars or three months. Market analysts anticipate high trading volumes on its launch day, forecasting initial trading volume exceeding $12 million. The move coincides with increased institutional interest in altcoins amid a challenging market environment.