Grayscale Debuts U.S. Spot DOGE ETF GDOG with Fee Waiver
Grayscale Investments has launched the first U.S. spot DOGE ETF, ticker GDOG, on NYSE Arca. The 0.35% management fee is waived until assets reach $1 billion or for the first three months. Bloomberg analyst Erich Balchunas estimates day-one trading volume at around $12 million. Grayscale will have a two-day head start before Bitwise’s rival spot DOGE ETF (BWOW) debuts on November 26. Balchunas also predicts five more spot crypto ETFs in the next week and over 100 spot and derivative crypto ETFs covering tokens like SOL, AVAX and DOT within six months. This rapid expansion of spot DOGE ETF products and broader crypto ETFs highlights growing institutional support and could drive new institutional and retail inflows into digital asset ETFs.
Bullish
The debut of the spot DOGE ETF is a bullish catalyst for DOGE. Fee waivers and a two-day head start over Bitwise’s ETF could attract significant institutional and retail capital. Day-one volume estimates around $12 million and forecasts for additional crypto ETFs demonstrate strong demand and wider access to Dogecoin. In the short term, ETF inflows may boost DOGE’s price and liquidity. Over the long term, the rapid rollout of spot and derivative crypto ETFs, including tokens like SOL, AVAX and DOT, signals sustained institutional support and market maturation, underpinning DOGE’s growth potential.