{"id":48097,"date":"2025-08-16T12:14:34","date_gmt":"2025-08-16T09:14:34","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=48097"},"modified":"2025-08-16T12:14:34","modified_gmt":"2025-08-16T09:14:34","slug":"why-is-doge-rising-all-the-details","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/why-is-doge-rising-all-the-details\/","title":{"rendered":"Why is DOGE Rising? All the Details"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Grayscale<\/strong> has filed for the first-ever spot <strong>Dogecoin ETF<\/strong> with the U.S. Securities and Exchange Commission <strong>(SEC)<\/strong>. The company aims to list this fund under the ticker GDOG on the NYSE Arca exchange as the Dogecoin Trust. Following the announcement, Dogecoin\u2019s price increased by 2.5% in the last 24 hours.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The fund\u2019s assets will consist entirely of Dogecoin. <strong>Coinbase Custody Trust<\/strong> Company will act as the official custodian. The fund will issue large blocks called \u201cBaskets,\u201d each representing 10,000 shares. Initially, transactions will be cash-only, allowing investors to access DOGE markets without directly holding the cryptocurrency.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The fund\u2019s value will be based on the CoinDesk Dogecoin Reference Rate, reflecting DOGE\u2019s market price and supporting a passive management strategy. Additionally, the fund will track price performance without using leverage or derivatives.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, listing requires compliance with NYSE approval guidelines announced on January 31, 2025. Grayscale stated that share distribution will not begin without SEC approval.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">DOGE Price Surge and Market Impact<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Following the filing, DOGE rose from $0.22395 to $0.22976, strengthening a <strong>7-day gain of 2.67%<\/strong> and a 1-month increase of 14.65%. Late-day purchases broke the sideways trend, triggering a sharp upward move.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\"><a href=\"https:\/\/coinengineer.net\/blog\/grayscales-new-move-sec-approves-multi-token-spot-etf\/\">Grayscale\u2019s<\/a> Dogecoin ETF plan may also attract institutional investors to the meme coin market, making DOGE appealing not only to retail investors but also to institutional portfolios. Risk factors highlighted in the filing include price volatility, regulatory uncertainty, and competition with other crypto assets.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">If SEC approval is granted, the Dogecoin ETF will become a new market benchmark, positioning DOGE more strongly for long-term investment strategies.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grayscale has filed for the first-ever spot Dogecoin ETF with the U.S. Securities and Exchange Commission (SEC). The company aims to list this fund under the ticker GDOG on the NYSE Arca exchange as the Dogecoin Trust. Following the announcement, Dogecoin\u2019s price increased by 2.5% in the last 24 hours.\u00a0 The fund\u2019s assets will consist<\/p>\n","protected":false},"author":36,"featured_media":42525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[],"class_list":["post-48097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why is DOGE Rising? All the Details - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Grayscale files first-ever Dogecoin spot ETF with SEC. 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