GrayScale S-1 File Star-news.press/wp

Grayscale aims to launch the first Dogcoin ETF spot and a suggestion with SEC. The procedure sent a Dog price by approximately 2 % in 24 hours.

GrayScale seeks to obtain SEC approval on ETF DOGECOIN amid the market anticipation

GrayScale presented a S-1 registration statement with the US Securities and Stock Exchange Committee (SEC) to launch Grayscale Dogecoin Trust Etf. Trust aims to give investors access to Dogecoin without necessarily retaining the encrypted currency. If approved, it will be inserted into the ARCA on the New York Stock Exchange under the GDOG stock icon.

the SEC file She determines that confidence will hold Dogecoin as a single origin, with Coinbase Custody Trust that works as a winner. It will be issued and recovered in large blocks called “baskets”, each representing 10,000 shares. Initially, these will be dealt with through cash transactions instead of DOGE transfers.

Dogecoin Etf will reflect the Coindsk Dogecoin reference rate. It refers to the market price of DOGE without any fees and opponents. You will not trace confidence actively and do not use any influence or derivatives, but it intends to work negatively.

The Dogeco ETF proposal follows NYSE requests on January 31, 2025 for the approval of the insertion. Since this app has not yet been approved, Grayscale indicates that it will not extend with Dogecoin ETF sharing offers until it is wiped.

This deposit follows a previous file by Grayscale to view the US public subscription during the encryption week. If the Supreme Education Council agrees to this confidence, the GrayScale Dogecoin Trust ETF can become a reference point for DOGE investments. This may affect the participation of institutional investors in the M -currency market.

Risk factors specified in providing confidence are severe changes in the price of Doug, uncertainty regarding organization, and possible competition with other digital assets.

Dog’s price rises by approximately 2.5 % after deposit

After introducing Dogecoin ETF, Doge Price increased by 2.5 % in the last day. The price of the Meme currency increases to $ 0.22976 from $ 0.22395. According to TradingView data, the sharp upward trend occurred at the end of the trading session, ending a side direction. Dog has seen 2.67 % in the past seven days, while the increase for one month is 14.65 %.