Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
DOGE drops 6.26% following rebranding to GDOG ETF amid market volatility

DOGE drops 6.26% following rebranding to GDOG ETF amid market volatility

Bitget-RWA2025/11/19 16:48
By:Bitget-RWA

- Grayscale rebrands its Dogecoin Trust as GDOG ETF, set to list on NYSE Arca by November 24, 2025, under a revised governance framework. - The move aims to enhance institutional accessibility and transparency for DOGE , aligning with evolving crypto investment standards despite recent market declines. - DOGE has fallen 5.26% in 24 hours and 51.54% annually, reflecting broader bearish trends amid cautious investor sentiment ahead of Fed policy updates. - The rebranding signals crypto's institutionalization

Grayscale Investments® has revealed a major change to its Dogecoin Trust (DOGE), announcing plans to rename it as the Grayscale Dogecoin Trust ETF, which will use the ticker GDOG. According to the statement released on November 18, 2025, this rebranding is set to take place around November 21, 2025. The change will coincide with an updated governance structure, as described in the Third Amended and Restated Declaration of Trust and Trust Agreement.

The revised Trust documentation will incorporate the new name, but existing stock certificates will continue to be valid without any changes. The newly branded shares are expected to begin trading on NYSE Arca under the GDOG symbol on or about November 24, 2025, subject to regulatory clearance. Grayscale has highlighted the strategic reasons behind this move—likely to better reflect current investment practices—but has not made any promises regarding the exact timing for when trading will begin.

DOGE drops 6.26% following rebranding to GDOG ETF amid market volatility image 0

This announcement comes at a time when the cryptocurrency market is experiencing a general downturn. As of November 19, 2025,

has fallen by 5.26% over the past day, now priced at $0.15341. Over the last month, DOGE has dropped 17.87%, and its value has decreased by 51.54% over the previous year. The shift to the GDOG name could potentially draw more institutional investors, but overall market sentiment remains wary, especially with the Federal Reserve’s monetary policy meeting approaching in December.

Grayscale’s decision is part of a larger trend of increasing institutional involvement in the crypto sector. By adopting an ETF structure and rebranding, the Trust seeks to improve both transparency and investor access. Such changes are often seen as steps to build confidence, particularly for assets like DOGE, which are known for their price swings and speculative appeal.

Although the name change is more of a structural update than a direct signal for price action, it’s important to recognize that rebranding can affect how investors perceive an asset, especially in markets where trust and openness are vital. Meanwhile, the derivatives market presents a mixed picture, with futures Open Interest steady at $1.66 billion as of November 19. While some traders remain cautiously optimistic, bearish trends persist as DOGE trades near key support thresholds.

The Trust’s planned shift to GDOG highlights the ongoing transformation of digital assets as mainstream investment options. As investors respond to both structural changes and broader economic factors, DOGE’s performance in the near future will likely be shaped by overall market trends and shifting risk appetites.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Updates: Institutional Investors Continue Buying Bitcoin Despite Market Sell-Off in Stocks and Cryptocurrencies

- U.S. stocks closed lower Thursday as macroeconomic fears and Fed policy uncertainty drove Nasdaq over 2% down, with Bitcoin hitting $86,100. - Abu Dhabi's ADIC nearly tripled its stake in BlackRock's Bitcoin ETF to $520 million, signaling institutional confidence amid crypto volatility. - CME FedWatch reduced December rate cut odds to 43.8%, while Bitcoin ETFs saw $75M inflows on Nov. 19 despite broader crypto selloffs. - Institutional caution persists as ETF outflows and whale selling tighten liquidity,

Bitget-RWA2025/11/21 01:04
Bitcoin Updates: Institutional Investors Continue Buying Bitcoin Despite Market Sell-Off in Stocks and Cryptocurrencies

Bitcoin News Update: Waning Expectations for Rate Cuts and Massive Bitcoin ETF Outflows Trigger Sharp Stock Decline

- U.S. stocks fell sharply on Thursday, with the Nasdaq Composite dropping over 2% amid fading Fed rate-cut hopes and Bitcoin ETF redemptions. - Bitcoin prices dipped to $86,100 as BlackRock's IBIT ETF recorded a $523M outflow, marking its worst redemption since January 2024. - Institutional investors added $5.7M in Bitcoin short positions, while FedWatch data cut December rate-cut odds to 46% from 93.7% a month ago. - U.S. spot Bitcoin ETFs face $3B in November outflows, with analysts noting a shift from

Bitget-RWA2025/11/21 01:04
Bitcoin News Update: Waning Expectations for Rate Cuts and Massive Bitcoin ETF Outflows Trigger Sharp Stock Decline

Fed Navigates Uncertainty as Data Gaps Obscure Rate-Cut Decision

- U.S. Treasury Secretary Bessent urges Fed to continue rate cuts to support growth amid volatile markets and weak labor data. - Delayed September jobs report and 183% October layoff surge cloud Fed's December decision amid inflation concerns. - Market expectations for a 25-basis-point cut dropped to 42.9% as Fed officials split between hawkish caution and dovish relief calls. - Strong Nvidia earnings temporarily eased AI bubble fears but analysts warn of limited capital budgets amid macro risks. - Global

Bitget-RWA2025/11/21 01:04
Fed Navigates Uncertainty as Data Gaps Obscure Rate-Cut Decision

Zcash Halving Event: Driving Value Growth and Prompting Miner Adjustments

- Zcash's 2028 halving will cut block rewards to 0.78125 ZEC, reinforcing its deflationary model and potentially boosting investor demand. - Historical data shows 500% price surges post-halving (2020) and $589 peak in 2025, with Grayscale managing $137M in Zcash assets. - Miners transitioned to PoS post-2024 halving; ECC's 2025 roadmap prioritizes privacy upgrades and institutional adoption via Ztarknet and NU6.1. - Risks include regulatory scrutiny of shielded transactions and volatility, but decentralize

Bitget-RWA2025/11/21 01:04