US SEC has confirmed to accept DOGE ETF application

PANews February 14th news, the U.S. Securities and Exchange Commission (SEC) has confirmed its acceptance of Grayscale and the New York Stock Exchange's 19b-4 application to establish a DOGE ETF.

NYSE Arca has filed an amended rule change application to the SEC to list on its exchange and trade Grayscale Dogecoin Trust (GDOG) shares, according to the Securities and Exchange Commission (SEC) filing. The trust is operated by Grayscale Investments and is managed by Coinbase Custody. The investment goal of a trust fund is to have its stock value reflect the DOGE price and rely on the CoinDesk Dogecoin Price Index (DCX) for pricing. Currently, the trust's administrative expenses are 2.5%. This application still requires SEC approval and public comment process.