NYSE Arca has taken a significant step by filing a 19b-4 form with the SEC to seek approval for the listing and trading of shares in Grayscale’s spot Dogecoin ETF. This initiative follows the launch of Grayscale’s Dogecoin Trust, which is designed to provide investors with exposure to Dogecoin without the need for direct ownership.

Coinbase Custody Trust Company will act as the custodian for the ETF, while BNY Mellon Asset Servicing will manage administration and transfer agent responsibilities. The SEC is expected to review the filing within a 45-day period, which may be extended to 90 days if further justification is required.

In addition to the Dogecoin ETF, Grayscale is expanding its ETF offerings. Recent efforts include seeking to convert its XRP Trust into an ETF and plans to create additional ETFs linked to notable altcoins such as Litecoin and Solana. The firm has previously secured regulatory approvals for spot Bitcoin and Ethereum ETFs after a significant legal victory in August 2023, which overturned the SEC’s earlier rejection of its spot Bitcoin ETF proposal.

📎 Related coverage from: cryptobriefing.com