Grayscale Dogecoin ETF, GDOG, Approved for Listing on Monday

Amid the ongoing U.S. government shutdown, the first-ever Dogecoin exchange-traded fund (ETF) issued by popular asset manager Grayscale has been approved for listing on the New York Stock Exchange (NYSE). It will start trading on Monday, November 24, 2025, with the ticker symbol GDOG.

Notably, Dogecoin is the oldest memecoin, which was launched as a joke. Over time, it has gained traction and now ranks among the world’s top cryptocurrencies, with a market capitalization of over $20 billion in market capitalization.

GDOG to Debut on Monday

Following its Monday debut, Grayscale’s GDOG ETF would make it easier for crypto enthusiasts seeking exposure to Dogecoin to gain indirect exposure by purchasing the investment fund that tracks its price. It will save investors from the rigorous process and risks associated with managing a crypto wallet.

Notably, the crypto market has been in a downtrend recently. However, the GDOG launch announcement on Friday has attracted more investors to its underlying crypto, Dogecoin. At press time, CoinMarketCap data shows it is up by over 2% in the past 24 hours and trading above $0.14, withstanding the strong bearish sentiment.

In addition to GDOG, Grayscale also plans to launch its XRP ETF, GXRP, on the same day. This investment vehicle will mirror the price of XRP, the world’s third-largest cryptocurrency. It will also be listed on the NYSE.

U.S. Crypto ETF Success   

Since the introduction of crypto ETFs into the U.S. financial market in January 2024, the market has proven fertile ground, with many investors continually engaging with and purchasing these investment funds amid different market conditions.

Spot Bitcoin ETFs that have been in the market for almost two years have recorded over $50 billion in all-time profits despite the market volatility. However, due to a massive downtrend, these investment products tied to bitcoin’s value have recorded huge outflows within the past few days. 

Notably, many ETF issuers remain confident and hopeful of increasing inflows in the future; hence, they have submitted numerous applications for crypto ETFs to the U.S. financial regulator. While a few of these applications have been approved and the ETFs already launched, some will list in the coming weeks after a designated waiting period.

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