Grayscale, a crypto asset management firm, has filed with the SEC to convert its recently launched Dogecoin Trust into an ETF. This move comes less than 24 hours after the trust was rolled out. There are now four Dogecoin ETF filings in total, including leveraged bets. Grayscale's quick action is seen as unusual, with no other trust having made a similar move before. The company also recently filed to convert its XRP Trust into an ETF. Dogecoin has gained mainstream popularity thanks to figures such as Elon Musk and is known for its low transaction fees and fast speed. Converting the trust into an ETF would open up opportunities for institutional investors.



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