Grayscale Seeks Approval for Dogecoin ETF – Potential Boost for Crypto Investing

Crypto firm Grayscale has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot-based Dogecoin exchange-traded fund (ETF). This move could significantly integrate Dogecoin into traditional investment portfolios, offering investors exposure without directly owning the cryptocurrency. The proposal envisions converting the Grayscale Dogecoin Trust into an ETF structure listed on the NYSE Arca under the ticker GDOG. The initiative comes as other firms like Bitwise and Rex-Osprey have filed similar applications, signaling increasing competition in the space.