Grayscale Files DOGE ETF: Will SEC Approve or Shrug? 🐕💸

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Grayscale, the company that’s basically the crypto version of your overly enthusiastic neighbor who always over-shares, has filed the Form S-1 with the SEC for a Dogecoin Spot ETF. And guess what? The SEC might decide to approve it by… *checks notes*… mid-October 2025. Because nothing says “urgency” like a timeline that could let me forget I applied. 🙄

The Grayscale Dogecoin Trust (DOGE)

In February 2025, the SEC gave the green light to list the Grayscale Dogecoin Trust as an ETF. Because nothing says “trust” like a 240-day review period that could let me forget my own name. During this time, Grayscale is supposed to register shares for the ETF. Which they did on August 15, 2025, by submitting the Form S-1. Because nothing says “crypto trust” like a Delaware Statutory Trust that lets you invest in Dogecoin without actually holding it. It’s like owning a dog without the mess, but with more fees. 🐶💸

The trust issues shares that represent “fractional undivided beneficial interests” in Dogecoin. Because why not make it sound like a medieval inheritance dispute? And yes, it’s physically backed by actual Dogecoin. Because nothing says “security” like Coinbase Custody Trust Company safeguarding your memes. Meanwhile, Coinbase Inc. and BNY Mellon are playing the role of “prime broker” and “administrator,” which is just a fancy way of saying they’ll take your money and maybe lose it. But hey, they only accept cash orders! Because crypto’s supposed to be the future, but we’re still using cash. How nostalgic. 💸

DOGE Surges By 5% After Grayscale News

After Grayscale’s big move, Dogecoin jumped 5% to $0.2334. Because nothing says “bullish trend” like a meme coin that looks like it’s trying to break out of a TikTok dance. The monthly gains? A cool 8.91%. According to CoinCodex, the Fear & Greed Index is at 60-which is basically “moderate greed, but also a little bit of panic.”

Analysts predict this rally will be as short-lived as my attention span. They think DOGE might dip to $0.224 in five days, then rebound to $0.266 in a month. And in three months? It’ll be “around” $0.268. Because nothing says “long-term strategy” like betting on a coin named after a dog. 🚀

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2025-08-16 18:23