Asset funding firm Grayscale has now filed the Form S-1 with the US Securities and Exchange Commission (SEC) on its utility to supply buyers a Dogecoin Spot ETF. This transfer comes because the securities regulator is predicted to speak its approval determination on the proposed ETF round mid-October 2025.
The Grayscale Dogecoin Trust (DOGE)
In February 2025, the SEC popularly acknowledged the 19-4b kind by the New York Stock Exchange to listing and commerce Grayscale Dogecoin Trust as an exchange-traded fund (ETF). In doing so, the Commission initiated a possible 240-day evaluate of the appliance, throughout which the ETF sponsor, i.e., Grayscale, is predicted to register the shares of the proposed product.
On August 15, 2025, the asset supervisor accomplished this important step with the submission of the Form S-1 registration assertion for the Grayscale Dogecoin Trust. According to the content material of the doc, the proposed ETF is structured as a Delaware Statutory Trust, designed to present buyers publicity to Dogecoin by means of a well-recognized funding car with out requiring them to carry or handle the cryptocurrency straight.
The belief points shares that symbolize fractional undivided helpful pursuits in its underlying Dogecoin holdings, with the worth of every share carefully tied to the market worth of the asset. As with spot ETFs, the Grayscale Dogecoin Trust is bodily backed, which means that each share issued corresponds to precise Dogecoin.
Meanwhile, Coinbase Custody Trust Company acts because the custodian, answerable for safeguarding the belief’s Dogecoin holdings, whereas Coinbase Inc. and the Bank of New York Mellon (BNY) act as prime dealer and administrator/switch agent of the belief, respectively. In addition, the Trust solely accepts money orders for share creation or redemption. Only licensed individuals can create and redeem shares in change for the underlying asset, a mechanism designed to maintain the share worth aligned with the NAV.
DOGE Surges By 5% After Grayscale News
Following Grayscale’s Form S-1 submission, Dogecoin has recorded a 5% worth improve, reaching a worth level of $0.2334.This newest rally has strengthened the meme token’s bullish construction, pushing its month-to-month positive factors to eight.91%.
According to the worth forecast web site CoinCodex, normal sentiment amongst DOGE buyers stays bullish, with the Fear & Greed sitting round 60.
However, Coincodex analysts predict the present market uptick could be short-lived, with projections of $0.224 in 5 days, adopted by a stronger rebound to $0.266 in a single month. Meanwhile, their long-term projections tip the memcoin to commerce round $0.268 in three months.
Featured picture from Pexels, chart from Tradingview
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