- Bloomberg analyst Eric Balchunas is sure that the Grayscale Dogecoin ETF “GDOG” will be in the market on November 24, 2025.
- Bitwise is also expected to launch its Dogecoin ETF in November.
Asset manager Grayscale Investments is expected to launch its Dogecoin ETF under the symbol GDOG on November 24th.
Sea Eric Balchunas, ETF-Analyst bei BloombergGrayscale’s Dogecoin ETF, GDOG, is scheduled to debut on November 24, 2025. Although there is no official confirmation from the issuer, Balchunas bases his prediction on SEC guidance. His contribution was,
“Based on the 20-day clock, I believe Grayscale will launch the first Doge ETF in a week, on 11/24. We’ll see, we won’t be 100% sure until the stock market announcement, but based on SEC guidance, things are looking good.”
It is a crucial step forward for institutional adoption of Dogecoin. If approved, GDOG will be the second Dogecoin ETF in the US, following REX-Osprey’s DOJE.
Grayscale vs REX-Osprey Dogecoin-ETFs
SEC guidance states that registration statements automatically become effective after 20 days unless the SEC specifically objects. This significantly streamlines the product launch amid growing institutional interest in crypto investments.
Specifically, Grayscale is turning its Dogecoin Trust into an exchange-traded fund. The S-1 registration statement was filed on August 15, following a 19b-4 filing with the NYSE Arca on January 31 seeking permission to list the ETF under the ticker GDOG.
Different approaches
Interestingly, Grayscale’s approach differs from that of REX-Osprey, which listed its DOGE ETF (DOJE) on the Chicago Stock Exchange on September 18, ahead of other competitors. The two DOGE funds have taken different regulatory paths for their approval. While Grayscale takes the traditional route via the Securities Act of 1933, REX-Osprey’s DOJE ETF uses the Investment Company Act of 1940, allowing it to bypass the SEC’s express approval.
Additionally, Grayscale’s GDOG differs from REX-Osprey’s DOJE in several ways. For example, DOJE is 80% invested in Dogecoin futures and derivatives and 20% in US Treasuries, while GDOG’s structure is unspecified. DOJE uses a subsidiary in the Cayman Islands to manage DOGE positions, thereby avoiding direct custody requirements.
While DOJE offers synthetic exposure through derivatives, GDOG’s method of exposure is unspecified. REX-Osprey’s innovative approach allowed DOJE to become the first Dogecoin ETF listed in the US and highlights the different regulatory frameworks for crypto ETFs. Becomes
The third in the league: Bitwise DOGE ETF
In addition to Grayscale’s GDOG, the one is also waiting Dogecoin-ETF from Bitwise for market approval, also due to the simplified application process with the SEC decision deadline of 20 days. There are many indications that Bitwise will also get the green light. In all likelihood, three more strong DOGE ETFs will come onto the market this month.
Bitwise reportedly submitted its application on November 7th. If approved, the ETF could launch by November 26th.
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