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#July PPI Beats Expectations#
The fund will be called Grayscale Dogecoin Trust ETF. If it is approved by the regulator, the fund will be traded on the NYSE Arca exchange under the ticker GDOG. Grayscale noted that this investment vehicle will allow investors to access the crypto asset DOGE without the need to own it directly. For the custody of assets in the ETF, the custodial service Coinbase Custody Trust Company has been selected. Shares will be issued and redeemed in blocks in the form of "baskets" of 10,000 units. Initially, settlements will be made in cash rather than DOGE transfers. The fund will be valued based on CoinDesk's market data for Dogecoin, excluding fees and liabilities.
Grayscale's application also outlines risk factors, including the volatility of DOGE's price, regulatory uncertainty surrounding cryptocurrencies, and potential competition from other crypto assets. The company claims that its application to launch a cryptocurrency ETF meets the updated NYSE listing requirements introduced on January 31, 2025. However, Grayscale noted that its product will only be available to investors after receiving regulatory approval.
After Grayscale submitted the application, DOGE rose by more than 2.5%, increasing from $0.2239 to $0.2334. Over the past seven days, the coin has increased by 2.67%, and over the month, its price has risen by 14.65%. The current market capitalization of DOGE is $35.13 billion.
Recently, the American regulator postponed its decision on the applications from companies Bitwise, 21Shares, and VanEck to launch exchange-traded funds tied to Solana. The agency also delayed the review of 21Shares' application to launch a DOGE-backed ETF.
Currently, exchange-traded funds on Ethereum are popular among investors. According to Farside Investors, on August 11, the net inflow of capital into American spot ETFs on Ethereum set a new record, exceeding $1 billion.
The fund will be called Grayscale Dogecoin Trust ETF. If it is approved by the regulator, the fund will be traded on the NYSE Arca exchange under the ticker GDOG. Grayscale noted that this investment vehicle will allow investors to access the crypto asset DOGE without the need to own it directly. For the custody of assets in the ETF, the custodial service Coinbase Custody Trust Company has been selected. Shares will be issued and redeemed in blocks in the form of "baskets" of 10,000 units. Initially, settlements will be made in cash rather than DOGE transfers. The fund will be valued based on CoinDesk's market data for Dogecoin, excluding fees and liabilities.
Grayscale's application also outlines risk factors, including the volatility of DOGE's price, regulatory uncertainty surrounding cryptocurrencies, and potential competition from other crypto assets. The company claims that its application to launch a cryptocurrency ETF meets the updated NYSE listing requirements introduced on January 31, 2025. However, Grayscale noted that its product will only be available to investors after receiving regulatory approval.
After Grayscale submitted the application, DOGE rose by more than 2.5%, increasing from $0.2239 to $0.2334. Over the past seven days, the coin has increased by 2.67%, and over the month, its price has risen by 14.65%. The current market capitalization of DOGE is $35.13 billion.
Recently, the American regulator postponed its decision on the applications from companies Bitwise, 21Shares, and VanEck to launch exchange-traded funds tied to Solana. The agency also delayed the review of 21Shares' application to launch a DOGE-backed ETF.
Currently, exchange-traded funds on Ethereum are popular among investors. According to Farside Investors, on August 11, the net inflow of capital into American spot ETFs on Ethereum set a new record, exceeding $1 billion.