NewsBTC
Nov 27, 2025
4 0

Dogecoin ETF Debuts with $1.4 Million Trading Volume on NYSE Arca

Grayscale's new spot Dogecoin ETF, ticker GDOG, launched on NYSE Arca with a trading volume of $1.4 million on the first day.

Initial Reaction

  • The fund's debut volume was below expectations, as Bloomberg analyst Eric Balchunas predicted $10–12 million.
  • The ETF started with holdings of about 11 million DOGE and roughly 94,700 shares, managing assets worth approximately $1.7 million.
  • A management fee of 0.35% is waived initially; it will be 0% until reaching $1 billion in assets or for three months.

Comparative Market Performance

  • Other altcoin ETFs, such as those for XRP and Solana, saw stronger early demand.
  • This suggests a preference for certain tokens over meme-coins like DOGE in regulated ETF forms.

Investor Considerations

  • Key factors to watch include the impact of the fee waiver on asset growth, DOGE's market price behavior, and the effect of competing Dogecoin ETFs.
  • Analysts are monitoring short-term creation and redemption activities to gauge actual demand.
  • Dogecoin traded near $0.15 post-listing, indicating limited immediate institutional appetite.
  • The upcoming weeks will be crucial to determine if GDOG can attract more interest.