Grayscale launches GDOG, first U.S. spot Dogecoin ETF, waives fees on initial $1 billion

Grayscale's GDOG began trading on Nov. 24, marking the debut of the first U.S. spot Dogecoin exchange-traded fund, Bloomberg ETF analyst Eric Balchunas said. The fund carries a 35-basis-point management fee, waived on the first $1 billion in inflows or assets accumulated within three months. The launch expands institutional access to Dogecoin through a regulated vehicle in U.S. equity markets.