Grayscale, a big name in investments, just filed paperwork with the SEC to launch a Dogecoin spot ETF. This is a big deal, and we might hear whether it’s approved around mid-October 2025.
The Grayscale Dogecoin Trust Explained
Back in February 2025, the SEC gave the green light for Grayscale’s Dogecoin Trust to be listed and traded as an ETF. This started a roughly 240-day review process. Grayscale recently finished a key step by submitting Form S-1.
This ETF is set up as a Delaware Statutory Trust. It’s designed to be an easy way for people to invest in Dogecoin without actually having to own and manage the cryptocurrency themselves. Each share represents a piece of the Dogecoin held by the trust, so its value follows the Dogecoin price. It’s a “physically backed” ETF, meaning there’s real Dogecoin backing each share.
Coinbase is heavily involved: Coinbase Custody keeps the Dogecoin safe, Coinbase Inc. acts as the broker, and BNY Mellon handles administration and transfers. Only authorized participants can create or redeem shares using cash, helping to keep the share price in line with the value of the Dogecoin it represents.
Dogecoin’s Price Reaction
After Grayscale filed Form S-1, Dogecoin’s price jumped 5%, hitting $0.2334. This added to its already strong monthly performance (up 8.91%). While investor sentiment is positive (Fear & Greed index around 60), some analysts think this price increase might be temporary. Predictions vary, with some suggesting a slight dip in the short term followed by a recovery. Long-term predictions are slightly higher.