Journalist
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Grayscale’s Dogecoin ETF bid gains steam
Grayscale has revised its S-1 filing with the SEC, showing new intent to convert its Dogecoin Trust into a fully tradable ETF.
The updated application puts Coinbase in charge as both custodian and prime broker, a move that adds credibility as the firm works with regulators under the SEC’s new fast-track framework.
Source: sec.gov
If approved, the fund will trade on NYSE Arca under the ticker GDOG, giving investors direct exposure to Dogecoin through a regulated product.
The filing read,
“The Trust’s purpose is to hold “DOGE”, which are digital assets that are created and transmitted through the operations of the peer-to-peer Dogecoin Network, a decentralized network of computers that operates on cryptographic protocols…”
