Grayscale has taken another major step in expanding crypto investment options by filing an amended S-1 with the U.S. Securities and Exchange Commission (SEC) to convert its Dogecoin Trust into an exchange-traded fund. If approved, the new product would trade on NYSE Arca under the ticker GDOG, with Coinbase set to serve as the prime broker and custodian.

The move comes as NYSE Arca also submitted updates to list Grayscale’s Ethereum Trust and its “mini” version under recently approved generic listing standards, which simplify the SEC approval process for crypto ETFs. Experts suggest this regulatory shift could open the door to a wave of digital asset funds entering U.S. markets in the months ahead.

Momentum in the crypto ETF space has accelerated, with REX and Osprey securing approval last week to launch the first U.S. fund tied to Dogecoin. Grayscale, meanwhile, recently rolled out its multi-asset index fund, giving investors exposure to leading tokens like Bitcoin, Ethereum, Solana, XRP, and Cardano.