🔥🔥🔥🔥Grayscale officially announces its holdings! 11 million DOGE officially "on duty" 📄

Just now, Grayscale Investments announced the holding data of its Dogecoin ETF (GDOG) - holding over 11 million DOGE, with assets under management exceeding $1.5 million!
This action may seem small, but it is a crucial leap in the process of compliance for MEME coins.
📌 Data Overview:
· Position Quantity: 11,136,681 DOGE
· Asset size: approximately $1.546 million
· Custodian: Coinbase Custody
· Listing Exchange: NYSE Arca
🚀 Three arrows launched simultaneously, DOGE ETF intensively debuting.
Recently, multiple institutions have simultaneously laid out plans for a DOGE ETF:
· 21Shares Leveraged DOGE ETF Listed on NASDAQ
· Bitwise plans to launch similar products on November 26.
· Grayscale GDOG is the first MEME coin spot ETF to disclose its holdings.
This series of actions clearly indicates that MEME assets are being rapidly accepted by the traditional financial system.
💹 Market Reaction: Steady funds are starting to enter.
After the listing of GDOG, there was a noticeable change in the DOGE contract market:
· Significant increase in open positions for perpetual contracts
· The proportion of low-leverage users below 5 times has increased.
· Average holding time extended
These signals indicate that traditional investors are allocating DOGE with a more robust strategy, changing the previous ecology of pure short-term speculation in MEME coins.
🎯 Why is this an important turning point?
DOGE has made a threefold leap from "internet celebrity meme" to listing on the New York Stock Exchange.
1️⃣Compliance Recognition: Approved by the SEC, obtaining legal listing status
2️⃣Institutional Endorsement: Well-known asset management companies like Grayscale are actively positioning themselves.
3️⃣Channel Expansion: Traditional investors can directly allocate through their stock accounts.
This means that MEME coin officially enters the "licensed era."
⚠️ Opportunities and risks coexist
Despite the new funds brought by compliance, it is important to note:
· DOGE price volatility is still much higher than mainstream crypto assets.
· The scale of ETFs is still small, making it difficult to drive a significant price increase in the short term.
· The MEME attribute determines that it is still dominated by community sentiment.
Do you think DOGE can attract traditional funds through ETFs? $BTC $ETH #Gate广场圣诞送温暖 #比特币行情观察 #DOGE