Grayscale’s Bold Move: Spot Dogecoin ETF S-1 Filed Hours After SEC’s Shock Delay—Is the Crypto Market About to Explode?
Ever wonder if meme coins like Dogecoin could finally shake off their “joke” status and claim a seat at the big institutional table? Well, Grayscale just threw its hat in the ring by filing an S-1 registration statement with the SEC for a spot Dogecoin ETF—right on the heels of the SEC delaying another Dogecoin ETF proposal from 21Shares. It’s like watching a high-stakes game of financial chess unfold, where everyone’s waiting to see if Dogecoin’s sleepy price range between $0.15 and $0.25 will suddenly roar back to life or keep snoozing in the shadow of its 2021 glory days. As the SEC sidesteps on some Solana and Dogecoin ETF decisions, Grayscale’s move signals a growing institutional hunger for meme coin legitimacy, pushing the envelope of what’s next in the crypto-ETF arena. Curious how this might reshape the meme coin landscape? Dive in to see what’s brewing beneath the surface. LEARN MORE.
The filing comes amid a sluggish year for DOGE, which has traded between $0.15 and $0.25 for most of 2025, far below its 2021 peak.
Key Takeaways
- Grayscale submitted an S-1 to the SEC for a spot Dogecoin ETF, adding to growing institutional interest in meme coins.
- DOGE price remains rangebound despite ETF developments, last trading at $0.228 according to CoinGecko.
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Grayscale has filed an S-1 registration statement with the US Securities and Exchange Commission seeking approval for a spot Dogecoin ETF.
The move adds another Dogecoin ETF to the slate already under SEC review, including filings from Bitwise and REX-Osprey. Other meme-coin ETF proposals under review include TRUMP, BONK, and Pudgy Penguins, underscoring the growing institutional push to bring meme-coin funds into the regulated ETF space.
The filing comes a day after the SEC delayed decisions on several Solana ETF applications from Bitwise, 21Shares, and VanEck, as well as a separate Dogecoin ETF proposal from 21Shares.
Dogecoin has been underwhelming in the current cycle compared to its 2021 mania peak, when it briefly traded above $0.72. Since the start of the year, DOGE has mostly moved sideways in a narrow $0.15 to $0.25 range, with no major breakouts or breakdowns. It was last changing hands at $0.228, according to CoinGecko data.
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