Grayscale Investments has submitted a crucial application to the Securities and Exchange Commission (SEC) seeking regulatory approval for a spot Dogecoin exchange-traded fund (ETF). The submission involves transforming Grayscale’s existing Dogecoin Trust into a publicly traded ETF under the proposed name ‘Grayscale Dogecoin Trust ETF,’ with the ticker symbol ‘GDOG’ listed on NYSE Arca. The ETF will offer investors direct exposure to Dogecoin, eliminating the need for them to buy or store the cryptocurrency itself. Coinbase Custody Trust Company will securely hold Dogecoin, BNY Mellon will serve as administrator and transfer agent, while Coinbase Inc. is designated as the ETF’s prime broker. Shares will be issued and redeemed in blocks of 10,000, known as ‘Baskets’, and all transactions will settle in cash to ensure a close alignment between the ETF’s price and the actual Dogecoin market value. The filing follows a surge of interest from other firms like Bitwise and REX-Osprey who also submitted proposals for meme-coin ETFs. Grayscale’s move underscores the growing momentum toward bringing mainstream, regulated investment options for alternative cryptocurrencies to market.