Grayscale goes ahead with its attempt to launch a fund negotiated in exchange for Dogecoin, revealing the “GDOG” of the Ticker in its last American commission of securities and exchange.
The main dishes to remember:
- Grayscale has filed a file to convert his confidence to do with Dogecoin into an ETF under the Ticker Gdog on Nyse Arca.
- The dry reviews several ETF Crypto applications in the midst of a more favorable regulatory climate under the Trump administration.
- The ETHE Ether reached a record weekly volume of $ 17 billion while Bitcoin reached $ 124,000 and the ETH approached its peak of 2021.
The company said on Friday that it planned to rename its existing trust from Graycale Dogecoin to Grayscale Dogecoin Trust ETF.
If it is approved, the fund lists on Nyse Arca, which has already filed documents to support the list. “Actions should be registered on NYSE Arca under the symbol of Ticker” GDOG “,” said the file.
Grayscale joins Growing Race for Crypto ETF Approbe
Graycale’s proposal enters a crowded field. Rex-Osprey competitors and have also submitted requests for products similar to that of the dry weighs dozens of Crypto ETF requests.
Recent deposits cover a wide range, soil monitoring funds in XRP, reflecting a regulatory climate changing under the Trump administration.
The tone of the dry towards the Crypto ETF has warmed considerably in the past year. In July, the agency approved creations and redemptions in kind for cryptographic ETFs and gave the green light so that the applications lighten and exchange ETF Bitcoin and Ethereum, as well as options on certain Bitcoin ETPS points.
This change follows a central victory in terms of courtyard for gray levels during the Biden era, which paved the way for Spot Bitcoin ETF in January 2024 and Ether ETF SPOT later that year.
The Bitcoin and Ether-based ETF market in the United States is now booming. Analyst ETF Eric Balchunas reported last week was the strongest to date for the combined trading volume, which is largely driven by an increase in ETF’s activity.
The weekly volume of Ether ETF reached $ 17 billion, a new record, coinciding with the Bitcoin rise at a historic summit of $ 124,000 and a return close to the ether to its peak in November 2021.
The ETHE Ether achieved more than $ 3 billion in net entries in the first half of August only, their second strongest month since the launch.
Balchunas noted that the products have been “asleep” for almost a year before pilening a year from exchanging in six weeks.
The FNB Bitcoin reach $ 73.6,000 while analysts draw parallels to Ether Rally
The FNB Bitcoin, on the other hand, also displayed new heights, the prices reaching $ 73,679 in two months following the launch earlier this year.
Analysts see parallels between Ether’s current rally and Bitcoin overvoltage after its ETF beginnings.
“This decision is comparable to the launch of the BTC ETF, when Bitcoin continued to rally upwards,” said Michaël Van de Poppe of Mn Trading Capital, predicting more upwards for altcoins.
However, some warn that the top of all Ether time may not happen immediately. Jake Kennis de Nansen suggested that it could take weeks or months, even with ETH now a few hundred dollars in a new record.
Meanwhile, the SEC extended its examination period for two Solana ETF deposits until October 16, 2025.
The SEC said that the extension allows “enough time to consider” the proposals of Solana Etf de Bitwise and 21hares, which were originally on August 17.
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