Grayscale Advances with Dogecoin ETF Plan Under Ticker ‘Gdog’
Grayscale is moving forward with its plan to launch a Dogecoin Exchange-Traded Fund (ETF), unveiling the ticker symbol “Gdog” in its recent registration with the US Securities and Exchange Commission (SEC). The company has submitted an application to convert its existing Grayscale Dogecoin Trust into an ETF, which would be listed on the NYSE Arca under the ticker symbol “Gdog”.
Key Highlights of the Grayscale Dogecoin ETF Plan
The Grayscale Dogecoin ETF plan has several key highlights, including:
- Grayscale has submitted an application to convert its existing Grayscale Dogecoin Trust into an ETF under the ticker symbol “Gdog” on NYSE Arca.
- The SEC is currently reviewing several crypto-ETF applications, including those for Bitcoin and Ethereum, in a more favorable regulatory climate.
- Ether ETFs have achieved a weekly volume of $17 billion, with Bitcoin reaching $124,000 and Ether approaching its all-time high in 2021.
Grayscale Joins the Growing Race for Crypto ETF Approvals
Grayscale’s proposal enters a crowded field, with competitors Rex-Fosprey and Bitwise also submitting applications for similar products. The SEC is weighing dozens of crypto ETF requests, including those for Solana and XRP tracking funds, reflecting a shifted regulatory climate under the Trump administration.
The tone of the SEC towards crypto ETFs has significantly heated up in recent months. In July, the agency approved creations and withdrawals for crypto ETFs and gave the green light for the listing and trading of Bitcoin and Ethereum ETFs, as well as options for certain spot Bitcoin ETPs.
This development follows a decisive court victory for Grayscale during the Biden era, which paved the way for spot Bitcoin ETFs in January 2024 and spot Ether ETFs later this year.
Bitcoin ETFs Hit $73,600 as Analysts Draw Parallels to Ether Rally
Meanwhile, Bitcoin ETFs have also recorded new highs, with prices reaching $73,679 within two months of the start of this year. Analysts see parallels between Ether’s current rally and Bitcoin’s surge following the ETF debut.
“This step is comparable to the BTC ETF start when Bitcoin gathered further up,” said Michaël van de Poppe from Mn Trading Capital, predicting more advantages for altcoins.
Nansen’s Jake Kennis suggested that it could take weeks or months for Ether to reach new heights, even if it is now only shyly shy of a new hundred dollars.
In the meantime, the SEC has extended its review period for two Solana ETF submissions to October 16, 2025.
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