Dogecoin’s Wall Street glow-up continues with launch of Grayscale Dogecoin ETF

Grayscale has launched the Grayscale Dogecoin Trust ETF, trading under the ticker GDOG on NYSE Arca, further cementing Dogecoin's move from internet meme to mainstream asset. Krista Lynch of Grayscale stated this aligns with their goal of making digital assets more accessible. Dogecoin, currently the 10th largest crypto by market cap, gained significant attention due to Elon Musk's promotion, despite a dismissed 2022 lawsuit accusing him of hyping the coin. This Grayscale ETF is the second Dogecoin ETF to list in the U.S., following the REX-Osprey DOGE ETF launched in September, which utilized a different legal structure under the Investment Company Act of 1940. The launch follows a trend of several crypto ETFs listing recently, leveraging SEC guidance that clarified procedures during a government shutdown.

(Source：The Block)