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Dogecoin News Today: Grayscale Seeks Dogecoin ETF Approval: Meme Coin Gains Institutional Traction

Dogecoin News Today: Grayscale Seeks Dogecoin ETF Approval: Meme Coin Gains Institutional Traction

Bitget-RWA2025/11/20 06:20
By:Bitget-RWA

- Grayscale files S-1 to convert Dogecoin Trust into spot ETF, seeking SEC approval by Nov 24, 2025. - This follows 2025 crypto ETF success and could drive $500M in inflows, leveraging Coinbase custody and Nasdaq listing. - Bloomberg analyst notes SEC's 20-day review window, suggesting potential rapid approval if no regulatory pushback occurs. - Dogecoin's volatility and regulatory scrutiny pose risks, but institutional adoption and social media momentum may drive growth.

Grayscale Investments has submitted a Form S-1 to the Securities and Exchange Commission (SEC) seeking to transform its

Trust into a spot exchange-traded fund (ETF), reflecting a renewed wave of institutional interest in the cryptocurrency. The application, , could see the ETF approved as soon as November 24, pending regulatory assessment. This initiative follows the earlier 2025 launches of and ETFs, and may spark heightened demand for Dogecoin, with in inflows within the first year.

Established in 2024, the Dogecoin Trust already holds physical

and has appointed as its main broker and custodian. , utilizing its current systems to ensure secure storage and efficient trading. With over $40 billion in crypto assets under management, Grayscale’s experience in regulatory navigation is seen as a key advantage in the approval process.

Dogecoin News Today: Grayscale Seeks Dogecoin ETF Approval: Meme Coin Gains Institutional Traction image 0
Market trends also point to a supportive backdrop for Dogecoin’s rebound. , Dogecoin was trading near $0.45, with its market value surpassing $65 billion. Activity from major holders has increased, with whales accumulating tokens—a pattern that often signals upcoming price rallies in the crypto sector. Experts link this to a rise in both retail and institutional interest in meme coins, fueled by social media buzz and speculative trading.

the likelihood of a swift approval, referencing the SEC’s standard 20-day review period for S-1 submissions. “If the SEC doesn’t delay, this could go live by Nov 24th,” he commented. The timing of the filing coincides with broader industry changes, such as the introduction of DeFi-focused index tokens like CoinMarketCap’s CMC20 and institutional-level stablecoin yield offerings. These shifts illustrate the ongoing integration of traditional finance mechanisms with digital assets in a maturing crypto landscape.

Nevertheless, there are still obstacles. Dogecoin’s price swings and its limited practical use outside of its meme status present risks for investors.

, with the SEC’s emphasis on custody and market fairness expected to influence the ETF’s future after approval. Rivals such as VanEck and Bitwise have also shown interest in launching meme coin ETFs, of similar products if Grayscale’s application is successful.

This filing represents a significant milestone for Dogecoin, which began as a parody in 2013 but has evolved into a symbol of grassroots crypto innovation. Its potential inclusion in a regulated ETF could pave the way for greater institutional involvement in meme coins, expanding access to investors who have traditionally been wary of speculative digital assets.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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