Grayscale files for a spot Dogecoin ETF as SEC reviews multiple meme coin applications, signaling growing institutional interest in crypto ETFs.
Grayscale has made a bold move in the cryptocurrency world. The company submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on August 15, 2025. This filing seeks authorization of a spot Dogecoin ETF, which would introduce the popular meme coin to the mainstream investor. The proposal will aim at providing a regulated investment solution that is based on the price of Dogecoin.
SEC Reviews Multiple Dogecoin ETF Filings
This is the latest filing after others have already applied to trade Dogecoin ETFs under SEC consideration. Similar proposals on similar funds have also been made by other firms such as Bitwise, REX-Osprey, and Franklin Templeton. Also, the SEC is reviewing the applications of other meme coins such as TRUMP, BONK, and Pudgy Penguins under the ETF. This rally is an indication of the institutional impetus to incorporate the meme-coin capital into the regulated ETF market. Consequently, more people are taking an interest in these special assets in the crypto industry.
Other filings started the trend earlier this year. In April 2025, 21Shares submitted a proposal to the SEC regarding a spot Dogecoin ETF. The fund is pegged to the price of Dogecoin and uses the CF DOGE-Dollar US Settlement Price Index as an index. In addition, Coinbase Custody was selected to be the custodian of the fund assets and to keep the assets under safe custody. This collaboration will give credibility to the proposal. As a result, rivalry among companies to introduce a Dogecoin ETF is increasing.
The entrance of Grayscale has the potential to generate a broad range of investors. Spot ETF would enable individuals to buy Dogecoin without having to own the currency. This creates a situation in which traditional investors will find it easy to enter the market. Also, the participation of such large companies as Franklin Templeton indicates an increase in the number of people who believe in the prospects of Dogecoin. Furthermore, the review procedure by SEC might become a precedent for future meme-coin ETFs.
Related Reading: Bitwise Updates Spot Dogecoin, Aptos ETF Filings | Live Bitcoin News
Market Awaits SEC Decision on Dogecoin ETFs
The broader market is watching this development closely. Analysts opine that an effective Dogecoin ETF may increase the value and legitimacy of the coin. VanEck and Invesco are among the other companies that have shown interest in filing Dogecoin ETFs in the near future. The reason is that this shows a change in attitude towards the possibility of taking meme coins as a possible investment option. Additionally, the authorization of such funds would help increase institutional funds in the crypto world.
The ruling by the SEC will be time-consuming. The regulator should evaluate the risks such as volatility in the market and investor protection. However, a larger number of filings demonstrates a positive attitude toward the outcome. Moreover, there are such trusted custodians as Coinbase, which reinforces the approving argument. Consequently, the crypto community is optimistic that it will receive a positive response.
Finally, the fact of Grayscale filing an ETF on Dogecoin is an important event. The market is a buzz with the launch of the ETF against the backdrop of competitors such as Bitwise, 21Shares, and Franklin Templeton. The positive approval would change the face of meme coins and invite more players to the market. The following actions of the SEC will play a significant role in determining this future.
