According to a recent social media post by ETF analyst Eric Balchunas, cryptocurrency asset manager Grayscale is on track to launch the very first Dogecoin ETF as early as Nov. 24.
The date will be officially confirmed as soon as there is an official listing notice.
Grayscale is converting its existing Grayscale Dogecoin Trust into a fully tradable ETF. Their S-1 filing outlines that the fund will be passively managed, hold only DOGE, and use the CoinDesk Dogecoin Reference Rate for pricing.
The company filed the S-1 form with the SEC to register shares of the Grayscale Dogecoin Trust in August.
This would be the first memecoin ETF to be approved in the US.
Then there’s 21Shares, a Swiss asset manager that submitted its own S-1 to the SEC. Their proposal even involves a partnership with the “House of Doge” (the corporate arm of the Dogecoin Foundation) to help out with marketing.
According to data provided by CoinGecko, DOGE currently has a market cap of $24.2 billion, which makes it the 10th biggest cryptocurrency by market capitalization.
There is an existing spot‑Dogecoin ETF in the U.S.: the REX‑Osprey DOGE ETF (DOJE), which launched in mid-September. However, it is now a spot-based product.
Other recent altcoin launches
As reported by U.Today, Canary Capital recently launched the very first spot XRP ETF.
In the meantime, global investment management firm VanEck has debuted its Solana ETF in the US with zero fees.
Source: https://u.today/first-dogecoin-etf-predicted-to-launch-this-november
