Grayscale seeks nod from US SEC for Dogecoin ETF under the ticker 'GDOG'
Quick Take In a registration statement filed on Friday, Grayscale said it was renaming the Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF. “The Shares are expected to be listed on NYSE Arca under the ticker symbol ‘GDOG,’” according to Friday’s filing.
Grayscale is forging ahead with its proposal to list and trade an exchange-traded fund that trades Dogecoin, landing on the ticker symbol "GDOG," according to the latest filing.
In a registration statement filed on Friday, Grayscale said it was renaming the Grayscale Dogecoin Trust to the Grayscale Dogecoin Trust ETF.
If approved by the U.S. Securities and Exchange Commission, the fund would trade on NYSE Arca, which previously filed a form for the Grayscale Dogecoin Trust.
"The Shares are expected to be listed on NYSE Arca under the ticker symbol 'GDOG,'" according to Friday's filing.
Grayscale is not alone in vying for the SEC's sign-off for such a fund. Both Rex-Osprey and Btiwise have made similar filings. This comes as the agency is weighing dozens of different types of crypto ETFs from ones tracking SOL to XRP in the wake of a friendlier presidential administration.
The SEC's stance toward crypto overall has changed significantly over the past year, specifically when it comes to ETFs as well. In July, the agency voted to approve orders to allow in-kind creations and redemptions by authorized participants for crypto ETFs. The agency also then allowed applications looking to list and trade spot bitcoin and Ethereum ETFs and as well as options on "certain spot bitcoin ETPs."
During the Biden administration, the SEC greenlighted spot bitcoin ETFs and later Ethereum ETFs, following a pivotal court ruling brought by Grayscale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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