Grayscale has officially filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a spot Dogecoin ($DOGE) exchange-traded fund (ETF), according to official filling on SEC website. This move underscores the growing interest among institutional investors in offering regulated crypto investment products tied to popular meme coins.
The filing follows the SEC’s recent delay of multiple Solana ETF applications from Bitwise, 21Shares, and VanEck, along with a separate Dogecoin ETF proposal submitted by 21Shares.
In response to the news, Dogecoin’s price jumped more than 4%, reaching $0.22, reflecting a wave of optimism from both retail and professional investors. The potential approval of a spot DOGE ETF could further legitimize the cryptocurrency in the eyes of traditional finance.
The Rise of Dogecoin ETFs
Interest in a U.S.-based spot Dogecoin ETF has been building throughout 2025. Earlier this year, multiple crypto-focused asset managers explored the idea, with 21Shares submitting its initial SEC S-1 filing in April. That fund planned to collaborate with Dogecoin’s corporate arm to help market the ETF, while details like management fees, ticker symbol, and listing exchange remained undecided.
Grayscale’s filing places it at the forefront of this emerging trend. If approved, the ETF would become the first U.S. fund to track a meme-inspired cryptocurrency. Over the years, Dogecoin has evolved from a joke coin into a widely recognized digital asset, attracting attention from investors, tech enthusiasts, and mainstream media alike.
The filing also highlights the broader push among asset managers to bridge the gap between traditional financial markets and the growing crypto ecosystem. Analysts suggest that a Dogecoin ETF could open the door for more meme coin-related investment products, signaling a new chapter in the mainstream adoption of digital currencies.
