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Grey releases revised Dogecoin ETF application, NYSE Arca also seeks to modify its Ethereum trust structure

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2025-09-19 22:28:03
According to the latest disclosure documents, grey release (Grayscale) has filed a revised S-1 registration statement with the Securities Exchange Commission (SEC) on September 19, planning to convert its closed-end Dogecoin Trust (Grayscale Dogecoin Trust) into an exchange-traded fund (ETF). If approved, the fund will be listed on NYSE Arca under the trading symbol "GDOG" and Coinbase will be appointed as its primary broker and custodian.
On the same day, NYSE Arca also submitted a proposal to amend the listing terms of the grey release Ethereum trust ETF and its "mini" trust in accordance with the newly approved "common listing standards" by the SEC, which means that the product will be subject to relatively lenient regulatory scrutiny.
Citing the new rules, Grey Release said in its application that Dogecoin had been trading futures and options on exchanges regulated by the US Commodity Futures Trading Commission (CFTC) for more than six months and met the requirements. The company also stated that the trust should not be considered an "investment company" as defined in the Investment Companies Act 1940 and was therefore not subject to it.
If GDOG is approved, it would be the second batch of securitised products in the US to track the price of Dogecoin directly. On Thursday, the Dogecoin ETF (DOJE), a partnership between REX and Osprey, was approved by the SEC for listing.
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