Overview
- Grayscale listed GDOG on NYSE Arca, the first U.S. spot Dogecoin ETF offering regulated exposure without direct wallet custody.
- SoSoValue data showed zero primary-market creations on day one, leaving authorized-participant demand uncertain.
- Secondary trading activity was inconsistently reported, with one outlet citing about $1.41 million and another noting roughly $11 million.
- Dogecoin rose roughly 2–3% around the listing, though analysts highlight resistance clustered near $0.147–$0.170 and a prevailing downtrend.
- Grayscale framed the product as expanding access to a fast, low-cost network, while on-chain metrics indicate steady but not rapid growth in activity.