Grayscale Investments has filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) to convert its Dogecoin Trust into an exchange-traded fund (ETF). This move, submitted via the New York Stock Exchange (NYSE) on January 31, 2025, aims to provide institutional and retail investors with a regulated avenue to gain exposure to Dogecoin (DOGE).
Dogecoin Gains Institutional Attention
Once dismissed as a meme coin, Dogecoin now boasts a $50 billion market cap and increasing real-world use cases. Grayscale’s decision to push for an ETF reflects its belief in DOGE’s long-term viability as a legitimate asset. The filing follows a broader wave of crypto ETF applications, fueled by a pro-crypto regulatory shift under President Donald Trump’s administration.
Grayscale isn’t alone—Bitwise Asset Management also recently applied for a Dogecoin ETF, highlighting rising institutional confidence in the asset. If approved, these ETFs could drive greater liquidity and mainstream adoption for DOGE.
Currently, DOGE is trading at $0.329, with analysts eyeing a breakout past $0.35 toward $0.40. However, a failure to hold above resistance could see a retest of $0.32 or $0.30.
Grayscale’s ETF push marks a significant moment for Dogecoin, cementing its place among serious investment products in the evolving cryptocurrency market.
