Grayscale confirmed that its Dogecoin ETF will launch on the NYSE Arca today, providing institutional investors with direct exposure to DOGE, the leading meme coin. The listing follows Bitcoinist’s report that the NYSE Arca certified the DOGE ETF for listing and registration, a final step before the fund’s official debut. Ahead of the launch, crypto analyst BareNakedCrypto stated in an X post that the ETF could trigger a DOGE price rally to over $10, highlighting the potential for increased institutional participation in Dogecoin’s ecosystem. The fund could draw new capital into Dogecoin, potentially spurring a price surge.
The analyst added that the DOGE ETF would reduce regulatory ambiguity and legal risks surrounding the meme coin, and noted that the DOGE fund would rank among the larger crypto ETFs by token count after XRP. As of now, Dogecoin trades around $0.14, with a gain of about 1% over the last 24 hours, according to CoinMarketCap data.
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