Grayscale Moves Forward With Dogecoin ETF Plan Under Ticker ‘GDOG’

Grayscale is pushing ahead with its bid to launch a Dogecoin exchange-traded fund, revealing the ticker “GDOG” in its latest US Securities and Exchange Commission filing.

The company said Friday it plans to rename its existing Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF.

If approved, the fund would list on NYSE Arca, which has already filed paperwork to support the listing. “The Shares are expected to be listed on NYSE Arca under the ticker symbol ‘GDOG,’” the filing stated.

Grayscale Joins Growing Race for Crypto ETF Approvals

Grayscale’s proposal enters a crowded field. Competitors Rex-Osprey and Bitwise have also submitted applications for similar products as the SEC weighs dozens of crypto ETF requests.

Recent filings cover a wide spectrum, from SOL- to XRP-tracking funds, reflecting a shifting regulatory climate under the Trump administration.

The SEC’s tone toward crypto ETFs has warmed considerably over the past year. In July, the agency approved in-kind creations and redemptions for crypto ETFs and gave the green light for applications to list and trade spot Bitcoin and Ethereum ETFs, along with options on certain spot Bitcoin ETPs.

That shift follows a pivotal court win for Grayscale during the Biden era, which paved the way for spot Bitcoin ETFs in January 2024 and spot Ether ETFs later that year.

The market for US-based spot Bitcoin and Ether ETFs is now booming. ETF analyst Eric Balchunas reported last week was the strongest yet for combined trading volume, driven largely by a surge in Ether ETF activity.

Weekly Ether ETF volume hit $17 billion, a new record, coinciding with Bitcoin’s climb to an all-time high of $124,000 and Ether’s near-return to its November 2021 peak.

Ether ETFs have pulled in over $3 billion in net inflows in the first half of August alone, their second-strongest month since launch.

Balchunas noted the products had been “asleep” for nearly a year before cramming a year’s worth of trading into six weeks.

Bitcoin ETFs Hit $73.6K as Analysts Draw Parallels to Ether Rally

Bitcoin ETFs, meanwhile, have also posted fresh highs, with prices reaching $73,679 within two months of launch earlier this year.

Analysts see parallels between Ether’s current rally and Bitcoin’s surge after its ETF debut.

“This move is comparable to the BTC ETF launch, when Bitcoin continued to rally upward,” said MN Trading Capital’s Michaël van de Poppe, predicting more upside for altcoins.

Still, some warn that Ether’s all-time high may not arrive immediately. Nansen’s Jake Kennis suggested it could take weeks or months, even with ETH now just a few hundred dollars shy of a new record.

Meanwhile, the SEC has extended its review period for two Solana ETFs filings to October 16, 2025.

The SEC said that the extension allows “sufficient time to consider” Solana ETF proposals from Bitwise and 21Shares, which were originally due on August 17.