The crypto market just witnessed another big moment as Grayscale launched the first ever spot Dogecoin ETF in the United States. The product is called the Grayscale Dogecoin Trust ETF, trading under the ticker $GDOG, and it arrives with a temporary 0 percent fee.
Grayscale announced the launch with a playful message, saying “Much wow. Big ETP.” The company confirmed that $GDOG normally carries a 35 bps fee, but that fee is completely waived for the first $1 billion in assets or for the first three months, whichever comes first.
Bloomberg ETF specialist Eric Balchunas said that $GDOG will have only two days of spotlight before Bitwise rolls out its own Dogecoin ETF on Wednesday. The Bitwise product will trade under the ticker $BWOW. Balchunas added that it is good to see different issuers get their own moment in the market, noting that companies like Grayscale pushed the industry for years to reach this point.
DOGE Price Has Not Reacted Yet
Despite the excitement, DOGE has not shown a major reaction. The coin is trading near $0.1438, up less than 1 percent in the past 24 hours. The ninth-largest cryptocurrency is still stuck in a falling structure.
DOGE continues to form lower highs inside a falling channel. The key resistance remains $0.16, a level that has repeatedly rejected upward attempts.
The weekly chart shows DOGE dropping from $0.3075 in September to current prices. Holding $0.14 is extremely important for bulls. Losing this level could open the door to $0.10.
One analyst said that the weekly candle has touched the long-term support trendline for the third time. The last time this pattern appeared was during the 2023–2024 period, which marked the start of Dogecoin’s slow multi-year bull run inside the 2021–2026 cycle.
For now, signals are mixed. The first ever $DOGE ETF is undeniably bullish for long-term legitimacy, and the zero percent fee could attract faster inflows into $GDOG. But the price still needs to break above $0.16 before any explosive rally can begin.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
India’s crypto story is moving forward, but not without friction. In an exclusive conversation with…
The B crypto price just did what most altcoins only dream about thats by ripping…
The LAB crypto price didn’t just rally today it detonated. Up over 210% intraday and…
Chainlink (LINK) is flashing early accumulation signals beneath the surface as on-chain metrics begin to…
Forbes data shows President Donald Trump’s net worth has climbed sharply since returning to the…
On May 1, U.S. spot Bitcoin ETFs recorded strong net inflows of $630 million, signaling…
