"Grayscale to launch Dogecoin spot ETF tomorrow… Symbolic significance as a meme-coin ETF"
Suehyeon Lee
Summary
- Grayscale said it will officially launch a Dogecoin (DOGE) spot exchange-traded fund (ETF).
- This GDOG ETF is the first Dogecoin ETF submitted under the 1933 Securities Act, and it said the approval of a meme-coin based product within the official regulatory framework carries significant symbolic meaning.
- It said this ETF launch is a representative example showing that the U.S. digital assets regulatory stance has shifted dramatically.
Grayscale will soon officially launch a Dogecoin (DOGE) spot exchange-traded fund (ETF).
On the 24th (local time), Nate Geraci, chairman of NovadiusWealth, said on X, "The Dogecoin spot ETF 'GDOG' will launch tomorrow. This is the first Dogecoin ETF submitted under the 1933 Securities Act ('33 Act'), and the approval of a meme-coin based product within an official regulatory framework is highly symbolic."
He added, "Many people may laugh at a Dogecoin spot ETF, but I think it is a representative example showing how drastically the U.S. digital assets (cryptocurrencies) regulatory stance has shifted over the past year."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
