Overview
- Bitwise’s Dogecoin ETF (ticker BWOW) began trading on NYSE Arca on Nov. 26, using Coinbase Custody, charging a 0.34% fee with a one-month waiver on the first $500 million in assets, and registering under the Securities Act of 1933.
- Grayscale’s GDOG debuted on Nov. 24 with zero first‑day creations and roughly $1.4 million in day‑one volume, then logged about $1.8 million in net creations on Nov. 26, bringing total net assets to roughly $3.5 million.
- Early reception trails other altcoin ETFs, with SOL and XRP products posting around $57–58 million in first‑day trading volume, far above GDOG’s start.
- Dogecoin’s price moves stayed modest around the listings, with reports of roughly 2–3% gains, while the token remains far below its 2021 peak and faces an inflationary supply of about 5 billion new DOGE annually.
- Additional issuers are in the pipeline, including 21Shares and Franklin Templeton, and REX‑Osprey already offers a DOGE ETP, leaving the longer‑term impact dependent on persistent primary‑market demand.