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Wednesday Nov 26 2025 03:10
1 min
Grayscale's Dogecoin Trust ETF (GDOG) saw a debut trading volume of $1.4 million, falling short of analyst expectations of around $12 million. While considered a decent launch for an average ETF, it was deemed underwhelming for a 'first-ever spot' product tracking Dogecoin.
Grayscale's offering is poised to be joined by the Bitwise Dogecoin ETF (BWOW), after NYSE Arca filed with regulators to certify its approval and listing. Bitwise anticipates BWOW to begin trading on Wednesday.
These new Dogecoin ETFs arrive amid a surge in crypto ETF launches, spurred by the Securities and Exchange Commission's (SEC) relaxed listing standards in September. Asset managers are keen to gauge investor interest in products linked to more volatile crypto tokens.
GDOG and BWOW directly hold Dogecoin. The REX Osprey DOGE ETF (DOJE), launched in September, took a different approach to expedite its market entry, investing in an offshore subsidiary that holds Dogecoin rather than directly holding the cryptocurrency.
Meanwhile, the Grayscale and Franklin Templeton XRP ETFs collectively garnered $129.95 million in net inflows. However, this paled in comparison to the Canary XRP ETF (XRPC)'s $243 million debut and the Bitwise XRP ETF's $105 million first-day haul.
Analysts project over 100 new crypto ETFs to launch in the next six months, indicating a growing appetite for these investment vehicles.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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