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.