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The Grayscale spot DOGE ETF, GDOG, launched with lower-than-expected trading volume on its first day, recording $1.41 million instead of the forecasted $11-12 million. The ETF holds physical Dogecoin and was converted from Grayscale’s private Dogecoin Trust. The fund is the first spot Dogecoin ETF in the U.S. and is temporarily waiving fees for the first three months. Despite the muted debut, Grayscale is planning to launch a Chainlink ETF in the future.
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