Memecoin

Bitwise Asset Management launched a Dogecoin exchange-traded fund on November 26, 2025, trading under ticker BWOW on the New York Stock Exchange. The fund provides institutional access to Dogecoin, the seventh-largest cryptocurrency with approximately $22 billion in market capitalization and $1 billion in daily trading volume. The ETF carries a 0.34% management fee, waived for the first month on initial assets up to $500 million.

BONK climbed 13.25% to $0.0000103 after reaching a local bottom of $0.00000844 four days earlier. Trading volume surged 111% to $194 million during the recovery. Whale buyers accumulated 4.3 trillion tokens over three days, with buy orders exceeding sell orders by 300 billion in the latest 24-hour period.

Dogecoin rose more than 2% to approximately $0.15 following the launch of Grayscale's GDOG, the first U.S. spot Dogecoin ETF listed on NYSE Arca. On-chain data show daily transactions exceeded 1.5 million, while trading volumes surpassed $1.5 billion across exchanges, reflecting heightened institutional and retail interest in the memecoin.

Grayscale listed the first U.S. spot Dogecoin exchange-traded fund on the New York Stock Exchange under ticker $GDOG on November 24, 2025. DOGE rose 2.2% following the launch, with 24-hour trading volumes reaching $1.5 billion. Bitwise plans to introduce its own Dogecoin ETF this week.

NYSE Arca certified the listing of Bitwise's Dogecoin ETF (BWOW) on Tuesday, clearing the fund for a potential Wednesday launch. Dogecoin ranks as the 10th largest cryptocurrency with a $23 billion market capitalization. The fund follows Grayscale's Monday debut and REX-Osprey's September launch.

Grayscale launched GDOG, the first spot Dogecoin exchange-traded fund in the United States, on NYSE Arca on November 24, 2025. The product carries a standard management fee of 0.35%, waived to 0% for the first $1 billion in assets under management or the initial three months of operation, whichever occurs first. Dogecoin is trading at $0.1452, down 8.25% over the past week.

Grayscale's Dogecoin exchange-traded fund began trading on the New York Stock Exchange under ticker GDOG on November 25, 2025, converting the firm's existing trust into a regulated product. Dogecoin trades at $0.1457, a seven-month low, positioned below all major moving averages. The launch coincides with Grayscale's XRP ETF debut, part of the firm's expansion into altcoin exchange-traded products.

Solana-based meme coin platform Pump.fun has withdrawn $436.5 million USDC since October 15, data show. The platform transferred 405 million USDC to Kraken over the past week. During the same period, 466 million USDC moved from Kraken to Circle. The PUMP token has declined 24% in seven days.

Grayscale Investments will launch spot ETFs for Dogecoin and XRP on NYSE Arca on November 24, 2025, trading as GDOG and GXRP. The products convert existing private trusts into publicly traded funds, enabling retail and institutional investors to access both cryptocurrencies through traditional brokerage accounts. Regulatory filings with the US Securities and Exchange Commission confirm the listings.

The meme coin sector's market capitalization declined to $39.4 billion, down 66% from its January 5 peak of $116.7 billion. NFT valuations fell 43% over 30 days to $2.78 billion, the lowest level since April. Major tokens including Dogecoin, Shiba Inu, and Pepe recorded weekly losses exceeding 12%.