The post Grayscale DOGE ETF Debut Volume Comes in Below Expectations appeared on BitcoinEthereumNews.com. Debut trading volume for Grayscale’s spot Dogecoin exchange-traded fund (ETF) came in lower than expected, despite being the first spot product in the country tracking the cryptocurrency. Bloomberg ETF analyst Eric Balchunas said on Tuesday that the Grayscale Dogecoin Trust ETF’s (GDOG) debut on Monday took in $1.4 million in volume, below his expectation of $12 million, while still being “solid for an [average] launch but low for a ‘first-ever spot’ product.” Grayscale’s ETF is set to be joined by a spot Dogecoin (DOGE) ETF from Bitwise, after New York Stock Exchange subsidiary NYSE Arca filed with regulators on Tuesday to certify its approval and listing of the Bitwise Dogecoin ETF (BWOW), which Bitwise said would begin trading on Wednesday. The new Dogecoin funds come amid a flood of crypto ETFs after the Securities and Exchange Commission loosened listing standards in September, as asset managers look to test investor appetite for products linked to more speculative crypto tokens. Source: Eric Balchunas GDOG, BWOW directly hold Dogecoin The REX Osprey DOGE ETF (DOJE) launched in September as the first in the US with exposure to Dogecoin; however, it took the approach of not being able to directly hold the cryptocurrency to get to market faster. DOJE was filed under the Investment Company Act of 1940, which provides a 75-day approval window, but is limited to investing in an offshore subsidiary that holds Dogecoin and holding shares in European and Canadian Dogecoin ETFs. Grayscale and Bitwise’s Dogecoin ETFs were filed under the Securities Act of 1933, meaning they can directly hold the token, but have a longer approval window of 240 days. DOJE saw a more lively debut in September, as the ETF saw $17 million in volume traded on its debut day, exceeding analyst expectations of $2.5 million. New XRP ETFs… The post Grayscale DOGE ETF Debut Volume Comes in Below Expectations appeared on BitcoinEthereumNews.com. Debut trading volume for Grayscale’s spot Dogecoin exchange-traded fund (ETF) came in lower than expected, despite being the first spot product in the country tracking the cryptocurrency. Bloomberg ETF analyst Eric Balchunas said on Tuesday that the Grayscale Dogecoin Trust ETF’s (GDOG) debut on Monday took in $1.4 million in volume, below his expectation of $12 million, while still being “solid for an [average] launch but low for a ‘first-ever spot’ product.” Grayscale’s ETF is set to be joined by a spot Dogecoin (DOGE) ETF from Bitwise, after New York Stock Exchange subsidiary NYSE Arca filed with regulators on Tuesday to certify its approval and listing of the Bitwise Dogecoin ETF (BWOW), which Bitwise said would begin trading on Wednesday. The new Dogecoin funds come amid a flood of crypto ETFs after the Securities and Exchange Commission loosened listing standards in September, as asset managers look to test investor appetite for products linked to more speculative crypto tokens. Source: Eric Balchunas GDOG, BWOW directly hold Dogecoin The REX Osprey DOGE ETF (DOJE) launched in September as the first in the US with exposure to Dogecoin; however, it took the approach of not being able to directly hold the cryptocurrency to get to market faster. DOJE was filed under the Investment Company Act of 1940, which provides a 75-day approval window, but is limited to investing in an offshore subsidiary that holds Dogecoin and holding shares in European and Canadian Dogecoin ETFs. Grayscale and Bitwise’s Dogecoin ETFs were filed under the Securities Act of 1933, meaning they can directly hold the token, but have a longer approval window of 240 days. DOJE saw a more lively debut in September, as the ETF saw $17 million in volume traded on its debut day, exceeding analyst expectations of $2.5 million. New XRP ETFs…