Grayscale Investments has filed an application with the SEC to list its Dogecoin Trust (GDOG) on NYSE Arca. The trust aims to reflect the price of Dogecoin (DOGE) using the CoinDesk Dogecoin Price Index (DCX) and charges a management fee of 2.5%. Coinbase Custody will manage the custody of DOGE. The application is pending SEC approval and public comments.

DOGE

PANews reported on February 14 that according to the U.S. Securities and Exchange Commission (SEC) documents, NYSE Arca has submitted a revised rule change application to the SEC to list and trade Grayscale Dogecoin Trust (GDOG) shares on its exchange. The trust fund is operated by Grayscale Investments and Coinbase Custody is responsible for the custody of Dogecoin (DOGE). The investment goal of the trust fund is to make its stock value reflect the price of DOGE and rely on the CoinDesk Dogecoin Price Index (DCX) for pricing. Currently, the management fee of the trust is 2.5%. The application still requires SEC approval and public comment collection procedures.

Grayscale Seeks SEC Approval to List Dogecoin Trust on NYSE Arca