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The US' First Ever Spot Dogecoin ETF Launched Today
BlockBeats News, November 24th, Bloomberg ETF analyst Eric Balchunas posted on social media today, stating that the first U.S. physically-backed Dogecoin ETF has launched: Grayscale's GDOG began trading today. It has a management fee of 35 basis points, but the initial $1 billion in inflows, or inflows over the first three months, will be fee-free.
Eric Balchunas added that Grayscale only had a two-day market monopoly as Bitwise's BWOW plan launched on Wednesday.
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