The Grayscale DOGE ETF (GDOG) launched on the New York Stock Exchange on November 24, 2025, marking the first DOGE spot ETF in the U.S. Despite this significant milestone, the ETF reported no net inflow on its first day of trading. The fund recorded a turnover of $1.41 million and a total net asset value of $1.71 million. It operates with cash subscriptions and redemptions, carrying a management fee of 0.19%.