Grayscale may launch the first US spot Dogecoin ETF as soon as November 24, according to Bloomberg Senior ETF analyst Eric Balchunas, in what would mark the meme coin’s formal entry into the mainstream US ETF arena.

“Based on 20 day clock I believe Grayscale will be out with first Doge ETF in a week, 11/24,” Balchunas wrote on X, adding the caveat that “it won’t be 100% till exchange notice, but based on SEC guidance it looks good.” His comment refers to the 20-day period under Section 8(a) of the Securities Act, during which a registration statement can become automatically effective if the SEC does not step in and the issuer has removed the standard “delaying amendment” language.

First Dogecoin ETF Expected Within A Week

Grayscale is seeking to convert its existing Grayscale Dogecoin

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