TL;DR
- Grayscale has already launched the first Dogecoin ETP in the US, trading under the ticker GDOG on NYSE Arca.
- Bitwise and Franklin Templeton are launching new products, including Dogecoin ETFs and Futures December.
- Coinbase Derivatives will offer perpetual futures and 24/7 trading for the Dogecoin pair.
The Dogecoin (DOGE) community is facing intense anticipation with the arrival of an unprecedented series of institutional financial products. This enthusiasm marks a paradigm shift for the memecoin, firmly bringing it into the regulated financial environment of the United States.
The market has already experienced a milestone with the start of trading for the first Dogecoin Exchange Traded Product (ETP) in the country: the Grayscale Dogecoin GDOG, which began operating on NYSE Arca. This fund represents the conversion of Grayscale’s existing DOGE futures to underpin the new spot ETP.
The eagerly awaited Dogecoin ETF from asset manager Bitwise will soon join it. The company announced that the Bitwise spot Dogecoin ETF, under the ticker BWOW, will begin trading on Wednesday, November 26.
Institutional Takeoff: Key Dates for Dogecoin ETFs and Futures December
The institutional news doesn’t stop there. Recent reports indicate that Dogecoin will be included in the Franklin Templeton Crypto Index ETF, which expands its coverage beyond Bitcoin (BTC) and Ethereum (ETH).
This fund, known as EZPZ ETF, has an anticipated launch date of December 1, consolidating the trend of institutional inclusion. The addition of these vehicles ratifies DOGE’s growing legitimacy, with Dogecoin ETFs and Futures December marking a critical roadmap for investors.
Complementing the ETPs boom, the Coinbase exchange announced plans to revolutionize access to altcoin derivatives. Starting December 5, Coinbase Derivatives will enable 24/7 trading for all monthly altcoin futures, including Dogecoin.
On December 12, Coinbase will take an even bolder step by launching new US-style perpetual futures for all altcoins. This launch will allow retail traders to access one of the most widely used derivatives products in the crypto world within a regulated environment.
With this expansion, DOGE investors will not only enjoy round-the-clock trading of their monthly futures but will also be able to participate in weekend operations, boosting liquidity and activity around Dogecoin ETFs.
The market will be busy in the coming weeks with all the upcoming events, from Grayscale and Bitwise ETPs to Franklin Templeton’s inclusion and Coinbase’s futures expansion.
