In a latest development, NYSE Arca has filed a 19b-4 form with the SEC to approve a rule change for listing and trading shares of Grayscale’s spot Dogecoin ETF. This follows Grayscale’s announcement of the creation and launch of Grayscale Dogecoin Trust. A year ago, a Dogecoin ETF seemed far off, but on Tuesday, Bitwise filed for one, entering the race to offer Dogecoin exposure through an ETF.
Coinbase Custody and BNY Mellon to Manage Dogecoin ETF
The filign noted that similar to Bitcoin and Litecoin, DOGE can be used to pay for goods and services or converted to fiat currencies, like the U.S. dollar, at rates determined on Digital Asset Trading Platforms or directly between users. DOGE is also used to pay miners for verifying transactions on the Dogecoin Network
The proposed ETF would allow investors to gain exposure to Dogecoin without owning it directly. Notably, Coinbase Custody Trust Company would serve as the custodian,…
