Grayscale, US Securities and Stock Exchange Commission (SEC) with the new application with Dogecoin $0.229428‘s spot -based stock market investment fund (ETF) has taken official steps to launch. With this move, popular crypto money is expected to become more common in traditional investment portfolios. Grayscale Dogecoin Trust’s institutional structure is transformed into ETF format and the NYSE Arca exchange is expected to be traded with GDOG code.
Market Expectation for Dogecoin ETF
The current Grayscale Dogecoin Trust contains about $ 2.5 million. The S-1 application of the company aims to provide investors the opportunity to benefit Dogecoin without directly ownership. The product will manage Grayscale Investments Sponsors, LLC and Grayscale Operating, LLC together. CSC Delaware will be the deputy of the Trust Company fund, while Bny Mellon will play a transfer agent and management roles. The intermediary and storage process of the fund will be provided by Coinbase and Coinbase Custody Trust Company. Grayscale said in a statement, their goal is to provide investors the opportunity to expose directly to the price of Dogecoin said.
Apart from Grayscale, other companies have applied for Dogecoin ETF. Bitwise and Rex-Oosprey companies also applied to SEC for similar products. These applications show that competition has increased within the sector.
Regulatory approach and corporate interest
So far, the SEC has not approved any ETF based on Dogecoin. It is observed that the commission is cautious against Altcoin -based investment products. In contrast, similar products have attracted the attention of investors.
Although Dogecoin emerged with a humorous approach in 2013, it is among the ten most valuable digital assets today. While popularity increased with the interest of Elon Musk and individual investors, it was also adopted in the corporate world. Some companies accept Dogecoin as a means of payment or keep the company among their assets. Elon Musk’s interest in Dogecoin had a significant impact on the market.
However, experts, Bitcoin of Dogecoin’s wavy price structure and institutional use 
$117,555.45 and Ethereum 
$4,405.37He says that it is limited compared to a cautious in assessment. However, the existing government in the United States has a positive approach to crypto currencies increases its market expectation.
Market optimism and investor expectation
Currently, market actors are likely to be approved by the end of the year. Investors in Polymarket made 75 percent probability that US regulators would approve the ETF before the end of 2025.
Analyst The adoption of the Dogecoin ETF can build bridges between the interest of individual investors and institutional capital, an analyst said.
Experts claim that if the ETF is approved, Dgecoin’s place in the financial ecosystem can be strengthened. Nevertheless, how the final decision will be in the coming process.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
