Grayscale Proposes Dogecoin Trust ETF GDOG Amid Market Optimism and Price Increase

• Grayscale has submitted a proposal to the SEC for a Dogecoin Trust ETF on NYSE Arca.

• The ETF will exclusively hold Dogecoin and use Coinbase Custody for asset management.

• After the filing, DOGE price rose 2.5% in 24 hours, indicating strong market interest.

Grayscale’s Dogecoin Trust ETF proposal is set to revolutionize crypto investments. Discover how this impacts DOGE and the market today!

What is the Grayscale Dogecoin Trust ETF?

The Grayscale Dogecoin Trust ETF is a proposed exchange-traded fund that will exclusively hold Dogecoin as its asset. If approved by the SEC, it will trade under the ticker symbol GDOG on the NYSE Arca.

How will the ETF operate?

The ETF will track the CoinDesk Dogecoin Reference Rate, reflecting the average market price of Dogecoin. Grayscale plans to issue shares in cash-based baskets, with Coinbase Custody serving as the custodian. The trust is designed to operate passively without engaging in active trading.

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