DOGE ETF News: Grayscale Files for Spot Dogecoin ETF With NYSE

The post DOGE ETF News: Grayscale Files for Spot Dogecoin ETF With NYSE appeared first on Coinpedia Fintech News

In a latest development, NYSE Arca has filed a 19b-4 form with the SEC to approve a rule change for listing and trading shares of Grayscale’s spot Dogecoin ETF. This follows Grayscale’s announcement of the creation and launch of Grayscale Dogecoin Trust. 

The proposed ETF would allow investors to gain exposure to Dogecoin without owning it directly. Notably, Coinbase Custody Trust Company would serve as the custodian, while BNY Mellon would handle administrative and transfer duties.

Its important to note that the 19b-4 filing is a key step for new ETF listings. After it’s published in the Federal Register, the SEC has 45 days to review and decide whether to approve, disapprove, or initiate proceedings to disapprove the rule change. If necessary, the review period can be extended to 90 days, either if the SEC provides reasoning or if NYSE Arca agrees.

Grayscale is ramping up its ETF efforts, as it recently applied to convert its XRP Trust into an ETF and is also pursuing ETFs for major altcoins like Litecoin and Solana.