The Grayscale Dogecoin Trust ETF, trading under the ticker $GDOG, is now officially live and available in regular brokerage accounts across the United States. The product marks the first spot Dogecoin ETF to reach the market, a milestone many expected would generate intense interest given the global popularity of the original memecoin.
Instead, GDOG’s debut was unexpectedly quiet. The ETF recorded $1.4 million in first day trading volume, which analysts describe as solid for an average ETF launch but surprisingly low for a historic first ever Dogecoin product.
“Not too surprising tho, we actually made a rhyme a while ago predicting this: ‘The further away you get from BTC, the less asset there will be,” said Eric Balchunas.
Debate Sparks
The lukewarm launch revived a long running question. Should a memecoin be packaged inside a regulated ETF structure at all?
One user asked ETF analyst Nate Geraci if he planned to invest in GDOG. The question continued by arguing that the ETF wrapper may be giving Dogecoin credibility it does not deserve.
Geraci responded by challenging the premise. He asked where investors believe the line should be drawn regarding which assets “deserve” an ETF wrapper. He pointed to the broader context instead. According to Geraci, the launch of GDOG is part of a much larger positive story about rapid regulatory progress in crypto over the past year.
However, he did not answer directly whether he plans to hold the Dogecoin ETF himself.
More ETFs Are Coming
Bloomberg ETF analyst James Seyffart said that Dogecoin and Chainlink are the next two assets lined up for new ETF launches, and the market will see at least five more new crypto ETFs within the next ten days.
Seyffart said he counts more than 130 ETF filings related to crypto assets or crypto derivatives that could hit the United States market in the next six months.
These include futures based products, leveraged funds and a range of additional spot ETFs. Some assets will qualify under the new generic listing standards, which require an active futures market on an approved derivatives venue such as Coinbase Derivatives or CME.
Others, including smaller memecoins like MOG, face hurdles because no futures market exists for them yet. This could delay their ETF prospects until 2026.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed