Grayscale, the prominent digital asset manager, has taken a significant step toward institutionalizing Dogecoin (DOGE) by filing a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) on January 31, 2025, to convert its recently launched Dogecoin Trust into an exchange-traded fund (ETF).
Source: X
This rapid move follows the launch of the Dogecoin Trust earlier the same day and signals Grayscale’s growing confidence in the cryptocurrency, now far from its meme coin origins.
Grayscale’s Move for Dogecoin
The filing, submitted to the SEC via the New York Stock Exchange (NYSE), marks an important moment for Dogecoin, the once-dismissed meme coin that has garnered significant market attention in recent years.
This conversion to an ETF would offer both institutional and retail investors a more accessible way to gain exposure to Dogecoin, potentially driving wider adoption of the asset.
Grayscale’s move reflects the growing shift in the Dogecoin ecosys
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