Dogecoin ETF Launch Fizzles Out: $GDOG Nets Less Than a Big Mac

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In a grand spectacle of modern finance, the Grayscale Dogecoin Trust ETF – affectionately known as $GDOG – finally made its debut, grinning from ear to ear like a puppy waiting for its walk. Or maybe just a puppy that’s about to find out the leash isn’t attached. Anyway, it’s now splashed across brokerage accounts nationwide, promising to revolutionize investing, or at least give us something to talk about at parties.

The big day rolled in, and instead of a moon-landing-sized hype, the market yawned like a cat at a laser pointer. $GDOG raked in a modest $1.4 million in its first whirl around the trading block-a sum so tiny, it’s almost adorable. Perhaps it’s like expecting a fireworks show and getting a sparkler, but hey, every circus starts somewhere, right? 💥🎪

$GDOG (first Doge ETF) saw $1.4m volume on Day One.. solid for an avg launch but low for a ‘first-ever spot’ 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.’

– Eric Balchunas (@EricBalchunas) November 25, 2025

Eric Balchunas, ever the poet and prophet, shrugged and said, “Not overly shocking, really. We once rhymed that the further you wander from Bitcoin, the fewer assets there are. Looks like the universe is humming the same tune.”

Debate Sparks: To Meme or Not to Meme?

Admittedly, the launch was about as lively as a Monday morning in a sleep clinic, which ignited the age-old debate: should memecoins get a fancy new ETF wrapper? Or should they be thrown into the goldfish bowl of regulation and hope for the best?

One brave soul asked ETF analyst Nate Geraci if he’d consider throwing some cash at GDOG. The conversation drifted into the philosophical: does Dogecoin even deserve this shiny suit, or is it just a digital dog barking up the wrong tree? 🐶

Geraci, ever diplomatic, challenged the question with a flourish. He suggested that instead of obsessing over whether DOGE qualifies, we might look at the bigger picture: a crypto regulatory landscape that’s “progressing” faster than a hamster on a wheel. Still, he dodged the direct answer like a ninja dodging a thrown pie.

More ETFS on the Horizon, Possibly With Unicorns

Meanwhile, Bloomberg’s James Seyffart, who probably has more charts than a mad scientist has beakers, announced that Dogecoin and Chainlink are next in line for ETF treatment. And just to keep everyone’s calendar busy, at least five more crypto-themed ETFs are expected to pop up in the next ten days. Talk about a bull run in the making-or just an organized chaos buffet.

He counts over 130 ETF filings related to crypto assets or derivatives, all waiting in the wings like line-dancing mermaids, ready to jump into the American market over the next six months. Some are futures-based, some leverage up, and a few are just hoping the regulators will forget to check their paperwork. Others, especially tiny meme coins like MOG, face the classic “no futures, no ETF” barrier-meaning they might just lie in limbo until 2026, dreaming of the day they too can be packaged and sold like a collector’s item.

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2025-11-25 18:48