Grayscale Files For New Dogecoin ETF Amid Approval Expectations, Is The Next Price Surge Coming?

Grayscale is making a big move with Dogecoin as the digital asset management company has submitted papers to launch a new Dogecoin ETF. Meanwhile, Dogecoin’s price is rising again, leaving investors with the question of whether another big surge is on the ￰0￱ Revises Filing To Launch Dogecoin ETF Under Ticker GDOG Grayscale has updated its filing with the SEC to turn its current Dogecoin Trust into a full ￰1￱ the SEC approves, the fund will trade on the NYSE Arca under the ticker symbol ￰2￱ investors will be able to purchase shares of the ETF and gain exposure to Dogecoin in a regulated ￰3￱ Reading: XRP Fractal Suggests Price Could Rise Over 100% To $7 In November The updated filing names Coinbase for two ￰4￱ exchange will act as the custodian, responsible for safely holding the fund’s Dogecoin, and it will also operate as the prime broker, managing the primary trading activities associated with the exchange-traded ￰5￱ Street has already shown signs of demand for exchange-traded fund ￰6￱ Osprey’s Dogecoin ETF, which trades under ticker DOJE, pulled in $17 million in its first trading ￰7￱ could be aiming to match or even surpass that success with its own Dogecoin ETF, as the race to bring meme-coin ETFs to the market ￰8￱ Fast-Track Rules Boost Dogecoin ETF Momentum As Crypto Products Surge Recent rule changes at the SEC are making the approval process for ETFs much quicker.

A good example came earlier this year with Grayscale’s CoinDesk Crypto 5 ETF, also known as ￰9￱ fund, which tracks the top five cryptocurrencies by market cap, drew $22 million in inflows on its first day. Analysts, such as Bloomberg’s Eric Balchunas, said this debut was significantly stronger than the average ETF launch, indicating that investors are ready for regulated crypto ￰10￱ Reading: Pundit Shares ‘XRP Endgame’: What To Watch Out For With Ripple With the SEC moving more quickly, dozens of new ETF filings ￰11￱ quicker timeline is creating buzz in the market and also pushing asset managers to bring their products forward sooner than ￰12￱ Grayscale, the timing of its Dogecoin ETF filing appears well-planned.

Meanwhile, Dogecoin itself is already moving ￰13￱ September 15 and 18, the token climbed from $0.26 to above $0.28, an 8% gain in just three ￰14￱ investors, often referred to as whales, have been purchasing hundreds of millions of tokens, which in turn encouraged smaller traders to follow ￰15￱ now, the key for Dogecoin is holding above the $0.28 ￰16￱ it can stay there while the ETF approval process moves forward, traders believe there could be room for another ￰17￱ Grayscale pushing for its ETF and investors already active in the market, Dogecoin is again in the spotlight as one of the most-watched tokens in ￰18￱ image from DALL. E, chart from ￰19￱