Grayscale is once again pushing the boundaries of crypto investment, filing an amended S-1 with the U.S. Securities and Exchange Commission (SEC) to convert its Dogecoin Trust into an exchange-traded fund (ETF). If the SEC approves the filing, the ETF will trade on NYSE Arca under the ticker “GDOG”, offering mainstream investors easier access to Dogecoin exposure.
In this proposed structure, Coinbase would act as both the prime broker and the custodian, further strengthening the institutional backbone of the fund.
NYSE Arca Moves Forward on Ethereum ETF Listings
The filing comes at a pivotal moment. NYSE Arca has also updated applications to list both Grayscale’s Ethereum Trust and a “mini” version of the product. These applications fall under the SEC’s newly approved generic listing standards, which aim to streamline and simplify the approval process for cryptocurrency ETFs.
Industry analysts say these updated standards could lead to a surge of digital asset funds entering the U.S. market, giving investors more regulated and accessible ways to gain exposure to various cryptocurrencies.
Dogecoin ETF Race Heats Up
The move by Grayscale follows closely behind recent developments in the Dogecoin ETF space. Just last week, REX Shares and Osprey Funds secured regulatory approval to launch the first-ever U.S.-based Dogecoin ETFs, setting a precedent for meme coin-focused funds.
Grayscale, meanwhile, continues to diversify its crypto offerings. The firm recently launched a multi-asset index fund, which provides broad exposure to major cryptocurrencies including Bitcoin, Ethereum, Solana, XRP, and Cardano. This aligns with a broader trend of giving retail and institutional investors more choices in how they invest in digital assets—through trusted, regulated investment vehicles.
With momentum clearly building, experts suggest the U.S. is entering a new era of mainstream crypto ETF adoption, and Grayscale’s latest filing could play a significant role in that transformation.
