Key Notes

Grayscale files S-1 for spot Dogecoin ETF, expanding institutional push into meme coins.

DOGE open interest rises 7.3% to $3.7B despite 42% trading volume decline.

Price holds near $0.23, rangebound after testing $0.24 resistance on Sunday.

Dogecoin (DOGE) extended its recent winning streak into Sunday, August 17, touching $0.24 in intraday trade and on course for its third consecutive day in profit. Dogecoin’s ongoing price rally has coincided with Grayscale’s filing of an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin ETF, filed on August 15.

The proposed Dogecoin ETF adds to the slate of institutional filings already under SEC review, including applications from Bitwise and REX-Osprey. Beyond DOGE, the SEC is reviewing

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