Grayscale Pushes for Spot Dogecoin ETF as SEC Review Sparks Market Frenzy

• Grayscale reignites Dogecoin ETF push as SEC decision looms.
• DOGE price jumps after fresh ETF filing fuels investor excitement.
• Competing firms await SEC approval amid rising Dogecoin market momentum.

Grayscale has submitted a new S-1 filing to the United States Securities and Exchange Commission for a spot Dogecoin exchange-traded fund. If approved, the fund would trade on the New York Stock Exchange Arca under the ticker GDOG and provide investors with regulated access to Dogecoin.

As per information contained in the filing, the trust will store only Dogecoin, and Coinbase Custody Trust Company will act as custodian. Instead of direct transfers of Dogecoin, the shares of the ETF will be issued and redeemed in blocks of 10,000 shares, referred to as Baskets, and initially settled using cash transactions.

Also Read: SEC and Ripple Take Step Toward Ending Appeals with Joint Dismissal

Multiple Applicants Compete for SEC Approval

The filing marks Grayscale’s second attempt this year, following its earlier March application that remains under review. By resubmitting its submission on August 15, the company indicates that it is keen to proceed despite the delays posed by the regulators. Bitwise, Rex Shares, Osprey, and 21Shares are other issuers also vying to have their Dogecoin ETFs approved.

The SEC is processing all the applications within its 240-day period and has solicited the input of the people involved in the evaluation process. Dogecoin ETFs will most likely be decided upon between October 2025 and January 2026, leaving the industry on the edge since a positive decision will transform the landscape of crypto investment.

Market Frenzy After Grayscale’s Move

Dogecoin’s price reacted quickly after news of the renewed application, recording gains of up to 6 percent. The token momentarily reached a high of $0.2314, which increased its total market cap to around $34 billion. The boom indicates great interest among traders that an approved ETF would pave the way to broader adoption.

The filing also indicates increased confidence of large companies in diversifying crypto products beyond Bitcoin and Ethereum. Investors view the potential ETF as a way to gain exposure to Dogecoin without custody risks, appealing to traditional players seeking safer entry points.

Grayscale’s push for a spot Dogecoin ETF has already sparked excitement across the market. With multiple firms competing for approval and the SEC expected to rule in the coming months, attention now turns to whether regulators will unlock a new wave of crypto-backed investment products.

Also Read: Ethereum Holders Warned: Samson Mow Says “Last Chance to Sell Before Crash”

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