Grayscale Investments has filed Form S-1 with the SEC to launch the first-ever Dogecoin ETF, piquing interest in the cryptocurrency community.
Details of the Filing
On August 17, 2025, Grayscale Investments filed Form S-1 with the SEC for a spot Dogecoin ETF. The project involves collaboration with Coinbase and BNY Mellon. The ETF will list on NYSE Arca following SEC approval.
Market Reaction to the News
Following the filing announcement, the price of Dogecoin surged by 6%, peaking at $0.2314, with the market capitalization increasing to approximately $34 billion. This indicates a positive sentiment from investors and traders.
Prospects and Expectations
The ETF will be structured as a Delaware Statutory Trust, providing fractional interests in physical Dogecoin holdings. This could increase interest from other institutional investors in similar offerings, especially in the meme-coin segment.
Grayscale's filing for a Dogecoin ETF presents new prospects for the meme-coin market and may influence cryptocurrency pricing dynamics in the future.
