Grayscale Dogecoin ETF Seeks SEC Approval With New Application

Key Points:

• NYSE Arca has submitted a filing to the SEC to list and trade shares of the Grayscale Dogecoin ETF following the launch of its Dogecoin Trust.
• Coinbase Custody would serve as custodian, with BNY Mellon handling administrative duties.

NYSE Arca has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC), requesting approval to list and trade shares of the proposed Grayscale Dogecoin ETF.

Read more: Grayscale Launches Dogecoin Trust to Expand Financial Access

NYSE Arca Seeks SEC Approval for Grayscale Dogecoin ETF

The move follows Grayscale’s recent launch of its Dogecoin Trust. The Grayscale Dogecoin ETF would function similarly to Grayscale’s existing cryptocurrency trusts. Coinbase Custody Trust is set to act as the fund’s custodian, while BNY Mellon will oversee administrative and transfer services.

Interest in Dogecoin-based investment products has surged, with Bitwise also filing for a Dogecoin ETF earlier this week. Just a year ago, the prospect of a regulated Dogecoin ETF seemed unlikely, but the recent filings highlight the cryptocurrency’s increasing legitimacy within financial markets.

SEC Reviews Rising Number of Crypto ETF Filings

The SEC has seen a wave of applications for spot cryptocurrency ETFs, including those for Dogecoin, Litecoin, and XRP. The regulatory landscape has evolved significantly, with asset managers pushing for expanded crypto investment options.

Beyond Dogecoin, Grayscale offers trust funds for various digital assets, including XRP, Avalanche (AVAX), Maker (MKR), Bittensor (TAO), and Sui Network (SUI).

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Harold

01 February 2025, 02:34:00 GMT +0000

With a passion for untangling the complexities of the financial world, I’ve spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. “The financial markets are a fascinating puzzle,” I often say, “and I love helping people make sense of them.” That’s what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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