The debut of Grayscale’s GDOG marks the first U.S. spot Dogecoin single-token ETF, with modest initial trading activity and a low management fee.
On November 24, Grayscale launched the DOGE ETF (GDOG) on the NYSE, making it the first U.S. spot Dogecoin single-token ETF. Day-one trading recorded $1.41 million in volume and $1.71 million in net assets, with zero net inflows. The ETF charges a 0.19% management fee and operates solely on cash creation and redemption. The trust previously disclosed holdings of over 11 million DOGE tokens valued at around $1.55 million, all secured through Coinbase Custody.