So, Grayscale’s big Dogecoin ETF-ticker GDOG, because of course-rolled out with all the excitement of a lukewarm salad. $1.4 million in trading volume? That’s not a debut; that’s a participation trophy.
NYSE Arca? More Like NYSE “Meh”-ca
Bloomberg’s Eric Balchunas thought this thing might pull in $10-12 million. Wrong! Turns out, slapping “Doge” on something doesn’t magically make it rain money. Who knew? 🤷♂️
Traders and analysts are already piling on, calling the launch “underwhelming”-which is Wall Street speak for “this sucked.” Grayscale’s paperwork says they started with 11 million DOGE and 94,700 shares. Wow. Groundbreaking.
$GDOG (first Doge ETF) saw $1.4m volume on Day One.. solid for an avg launch but low for a ‘first-ever spot’ product. Not too surprising tho, we actually made a rhyme a while ago predicting this: ‘The further away you get from BTC, the less asset there will be.’
– Eric Balchunas (@EricBalchunas) November 25, 2025
Meanwhile, Other Altcoins Are Actually Doing Things
XRP and Solana ETFs had stronger starts. Meme coins? Not so much. Turns out, institutional investors prefer “real” assets over internet jokes. Shocking.
What’s Next? Probably More Disappointment
Grayscale’s waiving fees for three months-or until they hit $1 billion (LOL). So, basically, free until it dies quietly. Analysts are watching DOGE’s price like it’s a sitcom ratings drop. Spoiler: It’s not looking good.
Dogecoin barely moved post-listing, hovering around $0.15. Traders reacted like they just saw a mediocre stand-up act-polite claps, no encore.
Bottom line? Listing an ETF doesn’t mean people will care. The next few weeks will decide if GDOG becomes a thing or just another financial footnote-like my ex-wife’s alimony checks.
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2025-11-27 08:15