 
 
Grayscale has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) seeking approval for its spot Dogecoin exchange-traded fund (ETF).
The move adds another Dogecoin ETF to the bunch already under SEC review, highlighting the increasing institutional push to bring meme-coin funds into the regulated ETF market.
In the S-1 filing, Grayscale indicated that it was renaming the Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF. If the SEC gives its regulatory blessing, the ETF would list and trade on NYSE Arca under the ticker “GDOG.”
Grayscale’s filing comes as the US regulator is considering dozens of different types of crypto ETFs, from ones tracking SOL to Ripple’s XRP, amid a crypto-friendly environment under the Trump administration.
Dogecoin Leads The Way For Memecoin ETFs
Dogecoin, a popular canine-themed meme coin that was created as a joke in 2013, has enjoyed the most traction of all meme cryptocurrencies in the ETF space. Currently, there are at least three DOGE-based ETFs, including ones from Grayscale, Bitwise, and REX-Osprey, awaiting the SEC’s review.
 
As ZyCrypto reported, Bitwise updated its Dogecoin ETF filing on June 26 to include in-kind redemptions, allowing investors to convert shares of an ETF into the underlying asset without converting them into cash first. This feature is deemed more efficient as it reduces tax burden, making the ETF more appealing to institutional investors.
Dogecoin has strongly underperformed in the current cycle compared to its 2021 craze all-time high, when it surged above $0.73. Since the beginning of 2025, DOGE has been trading within a narrow $0.15 to $0.25 range, with no major rallies or pullbacks. The meme coin king was recently trading for $0.2297, representing a 3.5% gain on the day, CoinGecko data shows.
Aside from Dogecoin ETFs, asset managers have also filed proposals for ETFs based on other meme coins like TRUMP, BONK, and Pudgy Penguins. The memecoin mania has largely died down since the spring of 2025, when a string of rug pulls exposed the tokens’ risks to retail investors.
According to CoinGecko data, the memecoin sector boasts a market cap of more than $76 billion as of publication time.
Source: https://zycrypto.com/crypto-giant-grayscale-officially-files-s-1-with-sec-to-list-spot-dogecoin-etf/