Grayscale Launches First U.S. Spot Dogecoin ETF as Asset Holds $22 Billion Market Cap

Grayscale has launched the first U.S. spot exchange-traded fund tracking Dogecoin, offering investors direct exposure to the memecoin through regulated channels. The product arrives as Dogecoin maintains a $22 billion market capitalization, positioning it as the ninth-largest cryptocurrency. The ETF holds actual DOGE tokens rather than futures contracts, delivering pricing that mirrors spot market rates.