{"id":823471,"date":"2025-02-01T07:12:34","date_gmt":"2025-02-01T13:12:34","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/01\/doge-etf-news-grayscale-files-for-spot-dogecoin-etf-with-nyse\/"},"modified":"2025-02-01T07:12:34","modified_gmt":"2025-02-01T13:12:34","slug":"doge-etf-news-grayscale-files-for-spot-dogecoin-etf-with-nyse","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/01\/doge-etf-news-grayscale-files-for-spot-dogecoin-etf-with-nyse\/","title":{"rendered":"DOGE ETF News: Grayscale Files for Spot Dogecoin ETF With NYSE"},"content":{"rendered":"
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\"DOGE<\/figure>\n<\/div>\n
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Yet another exciting news for crypto!<\/p>\n

NYSE Arca<\/a> has filed a 19b-4 form with the SEC to approve the launch of Grayscale\u2019s spot Dogecoin ETF. This follows the firm\u2019s recent announcement of the Grayscale Dogecoin Trust, signaling that big changes are on the way for how we invest in DOGE.<\/p>\n

Just a year ago, a Dogecoin ETF<\/a> seemed like a distant dream, but now, with Bitwise also<\/a> jumping into the mix, the race is on.<\/p>\n

Here\u2019s what to expect next.<\/p>\n

How the Proposed ETF Would Work<\/strong><\/h2>\n

The filing explains that, like Bitcoin and Litecoin, Dogecoin can be used for payments or exchanged for fiat currencies like the U.S. dollar, either on Digital Asset Trading Platforms or directly between users. It\u2019s also used to reward miners for verifying transactions on the Dogecoin network<\/a>.<\/p>\n

The proposed ETF would allow investors to gain exposure to Dogecoin without owning it directly. Coinbase Custody Trust Company would act as the custodian, while BNY Mellon would handle administrative tasks and transfers.<\/p>\n

This move follows Grayscale\u2019s successful conversion of its Bitcoin and Ethereum Trusts into ETFs and highlights the growing trend of companies filing to launch Dogecoin ETFs in the U.S.<\/p>\n

What Happens Next: SEC Review Process<\/strong><\/h2>\n

The 19b-4 filing is a key step in launching new ETFs. After it\u2019s published in the Federal Register, the SEC has 45 days to review it and decide whether to approve, disapprove, or begin proceedings to reject the rule change. If needed, the review period can be extended to 90 days, either if the SEC provides a reason or if NYSE Arca agrees.<\/p>\n

Bloomberg ETF analyst Eric Balchunas commented on Grayscale\u2019s strategy, saying, \u201cI\u2019ve never seen a trust launch and then try to convert to an ETF on the same day,\u201d<\/em> highlighting the unique approach Grayscale is taking with its Dogecoin Trust.<\/p>\n

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Man, the jockeying is intense. I\u2019ve never heard of a trust launching and then looking to convert to ETF the same day. But hey they may now be in pole position in 19b-4 race. Also we now up to four Doge etf filings (including 2x). Genz has only been gone for like two wks lol. https:\/\/t.co\/eHFZvqmIXt<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) January 31, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

What is Grayscale\u2019s Vision?<\/h2>\n

Earlier in October, Grayscale hinted that Dogecoin was among the assets it was considering for future products. This filing is part of a larger push by the firm to expand its ETF offerings. Grayscale has already applied to convert its XRP Trust into an ETF and is also working on ETFs for other popular altcoins, such as Litecoin and Solana.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

As more companies look to launch Dogecoin ETFs, all eyes are on the SEC\u2019s decision. We\u2019ll keep you updated!<\/strong><\/p>\n<\/div>\n

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We’d Love to Hear Your Thoughts on This Article!<\/h2>\n
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Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n

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\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"

Yet another exciting news for crypto! NYSE Arca has filed a 19b-4 form with the SEC to approve the launch of Grayscale\u2019s spot Dogecoin ETF. This follows the firm\u2019s recent announcement of the Grayscale Dogecoin Trust, signaling that big changes are on the way for how we invest in DOGE. Just a year ago, a<\/p>\n","protected":false},"author":1,"featured_media":823472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1474,25604],"tags":[],"class_list":{"0":"post-823471","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-files","8":"category-grayscale"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/823471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=823471"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/823471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/823472"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=823471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=823471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=823471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}