Grayscale submits application to list Dogecoin Trust Fund for trading on NYSE Arca

According to a filing with the US Securities and Exchange Commission (SEC), NYSE Arca has submitted a revised rule change application to the SEC to list and trade Grayscale Dogecoin Trust (GDOG) stock on its exchange. The trust fund is operated by Grayscale Investments and managed by Coinbase Custody for Dogecoin (DOGE). The investment objective of a trust fund is to have its stock value reflect the DOGE price and rely on the CoinDesk Dogecoin Price Index (DCX) for pricing. At present, the management fee of the trust is 2.5%. This application still requires SEC approval and public opinion solicitation procedures.