PANews reported on February 14 that the U.S. Securities and Exchange Commission (SEC) has confirmed that it has accepted the 19b-4 application submitted by Grayscale and the New York Stock Exchange to establish a DOGE ETF.

According to the U.S. Securities and Exchange Commission (SEC) documents, NYSE Arca has submitted a revised rule change application to the SEC to list and trade Grayscale Dogecoin Trust (GDOG) shares on its exchange. The trust fund is operated by Grayscale Investments and Coinbase Custody is responsible for the custody of Dogecoin (DOGE). The investment goal of the trust fund is to make its stock value reflect the price of DOGE and rely on the CoinDesk Dogecoin Price Index (DCX) for pricing. Currently, the management fee of the trust is 2.5%. The application still requires SEC approval and public comment collection procedures.