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Shortly after launching the Grayscale Dogecoin Trust, Grayscale then filed a 19b-4 form with the Securities and Trade Fee (SEC) to transform the belief right into a spot DOGE exchange-traded fund (ETF) approval.
Grayscale has rolled out a brand new Trust offering particular person and institutional accredited traders publicity to the canine-themed Dogecoin meme coin.
Grayscale thinks Dogecoin is a possible driver of economic empowerment for underserved communities globally, not only a speculative crypto asset.
“Grayscale believes DOGE has transitioned from a memecoin of a Shiba Inu to a software for world monetary inclusion, grassroots activism, and a dependable technique of fee,” the agency acknowledged in a Friday press launch. “Attributable to its widespread accessibility, affordability, and fast transaction speeds, DOGE has garnered important adoption worldwide.”
 
Like different Grayscale merchandise, Grayscale DOGE Trust traders do not need to carry the meme coin bodily in crypto wallets to learn from its value actions in both path.
Grayscale Files Dogecoin ETF Registration
The launch of the Dogecoin Trust, which expenses traders a administration charge of two.5%, was swiftly adopted by an software for the potential creation of a DOGE-based funding automobile. The proposed ETF would give traders with Dogecoin publicity with out requiring them to purchase and maintain the crypto themselves.
In a Feb. 1 post on X, Bloomberg analyst James Seyffart posited:
“UPDATE: That was FAST. Grayscale launched a DOGE belief earlier at the moment, they usually simply filed a 19b-4 to transform it into an ETF.”
The value of DOGE has grown tremendously in latest months, primarily owing to President Trump’s election victory and the formal creation of the Department of Government Efficiency (D.O.G.E.), helmed by longtime Dogecoin fan and technocrat Elon Musk.
The brand new extra-governmental company is reportedly exploring putting federal government systems of a public blockchain, with potential use instances, together with monitoring federal spending, managing buildings, and facilitating funds — although talks stay of their early phases.
DOGE ETF Race Heats Up
Asset managers have submitted a flurry of purposes for memecoin ETFs, together with these completely targeted on Dogecoin. Bitwise lately threw its hat into the ring, submitting for an S-1 registration with the Securities and Trade Fee to checklist a DOGE ETF in America.
As ZyCrypto beforehand reported, REX Advisers and Osprey Funds additionally collectively filed for an ETF that features DOGE, amongst different meme cryptos.
These filings come as curiosity in introducing ETFs for meme cash corresponding to Dogecoin picks up tempo.
