Overview
- GDOG began trading on NYSE Arca on November 24 following the conversion of Grayscale’s private Dogecoin Trust into a spot ETF that holds DOGE.
- Grayscale is waiving the sponsor fee to 0% for three months or until the fund reaches $1 billion in assets, after which the fee is 0.35% annually.
- Launch disclosures list Coinbase Custody as asset custodian and BNY as fund administrator, with cash creations and redemptions.
- Day-one metrics included roughly $1.41 million in trading volume, about $1.71 million in net assets, 94,700 shares outstanding, and 11.1 million DOGE held.
- Dogecoin ticked near $0.14–$0.15 around the debut but remains below key moving averages, as the listing joins a broader wave of newly approved altcoin ETFs that had set higher volume expectations of $11–$12 million.