Dogecoin ($DOGE) has climbed a modest 2% in the past two days.
While the average observer might not think twice of such a small gain, seasoned market watchers see it as the spark for something much bigger.
Why? Because this uptick comes right on the heels of Grayscale filing for a spot Dogecoin ETF , under the ticker GDOG.
This is significant because it signals a major step in bridging the best meme coins with traditional finance.
Grayscale’s plan is to convert its existing Dogecoin Trust into a fully tradable ETF listed on NYSE Arca – the same playbook it used to bring Bitcoin and Ethereum ETFs to market.
Even better for Dogecoin (and meme coin) investors, Grayscale isn’t the only one chasing a Dogecoin ETF. Heavyweights like REX-Osprey and Bitwise have also filed their own DOGE