The US Securities and Exchange Commission (SEC) has acknowledged Grayscale’s filing to list and trade shares of a spot Dogecoin exchange-traded fund (ETF).
This would provide exposure to Dogecoin’s price through traditional investments accounts.
To buy a Dogecoin ETF in Canada when it’s trading, you’ll need to open an account with a Canada-based brokerage that offers access to US investments.
d599fb3a-3477-4063-87f4-1540c26e9cad-Easy to use app
Easy to use app
Easy-to-use platform
Low fees compared to other Big Bank platforms
Wide range of research tools and order types
Discounts for young investors and active traders
Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.
"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.
This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.
What is Dogecoin?
Dogecoin is a decentralized cryptocurrency created in 2013 by Billy Markus and Jackson Palmer. Though it was originally created as a joke and is one of the first memecoins, Dogecoin has since grown into a widely used digital currency, particularly for tipping.
Further, Tesla CEO Elon Musk announced in December 2021 that the automaker would accept Dogecoin as payment for merchandise.
As of March 2025, Dogecoin is the eighth-largest cryptocurrency by market cap at over $24.95 billion USD.
What is a spot Dogecoin ETF?
Similar to a spot bitcoin ETF, a spot Dogecoin ETF is a type of exchange-traded fund that will hold physical Dogecoin as its underlying asset.
An ETF is a low-cost investment fund that can be traded on a stock exchange like the New York Stock Exchange (NYSE) or the Nasdaq.
On January 31, 2025, Grayscale filed with the US SEC to list and trade shares of a Dogecoin Trust under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares), a rule that governs the listing and trading of Commodity-Based Trust Shares on the New York Stock Exchange (NYSE).
The SEC officially acknowledged Grayscale’s filing with the Federal Register on February 13, 2025, triggering a 21-day public comment period for the proposed rule change and listing. Within 45 days of acknowledging the proposal—or up to 90 days if they need more time—the SEC will either approve it, reject it or start a review process to decide if it should be denied.
In short, it could take several months before a spot Dogecoin ETF begins trading on the NYSE.
Exchange applications are the first step in a two-step approval process, the second step being approval of ETF S-1 registration statements.
How to buy Dogecoin spot ETFs if they’re approved
Choose a platform and open an account. If you’re a beginner, our ETF broker picks can help you choose. Then, provide your personal information and sign up.
Confirm your payment details. Fund your account with a bank transfer, wire transfer or other approved method.
Select and research ETFs. Search the platform for the ETF ticker symbol. The platform should provide the latest information available.
The whole process can take as little as 15 minutes. You’ll need a smartphone or computer, an internet connection, your passport or driving license and funds to transfer into your account.
Latest spot Dogecoin ETF news
March 3, 2025: NYSE Arca filed Form 19b-4 with the US Securities and Exchange Commission (SEC) seeking permission to list and trade the Bitwise Dogecoin ETF.
February 13, 2025: The US Securities and Exchange Commission has acknowledged Grayscale’s filing to list and trade shares of a Dogecoin Trust under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares).
What might the spot Dogecoin ETF do for Dogecoin’s price?
Approval of a spot ETF would make Dogecoin, the eighth-largest cryptocurrency by market cap as of March 2025, accessible to a broad range of investors. Whereas many traditional brokers in Canada still don’t offer direct crypto investing, most will likely offer any approved US spot Dogecoin ETF, just as they have with spot bitcoin and spot Ethereum ETFs.
From January 11, 2024 when bitcoin spot ETFs began trading until more recently in February 2025, investors have poured more than $115 billion USD into them. While there’s no telling the same will happen for approved spot Dogecoin ETFs, demand appears high.
Dogecoin ETF alternatives
While Dogecoin ETFs will offer a convenient way to gain exposure to the cryptocurrency, an alternative method to consider is to purchase Dogecoin directly on a cryptocurrency exchange or with a traditional broker that offers crypto.
Platforms like Coinbase, Kraken, VirgoCX and Bitbuy let you purchase and hold Dogecoin in a digital wallet or transfer your coins to an external wallet. This method gives you full control over your Dogecoin assets.
Sources
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
Matt Miczulski is an investments editor and market analyst at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on Yahoo Finance, CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University.
See full bio
Matt's expertise
Matt
has written
12
Finder guides across topics including:
Interactive Brokers makes it easy for Canadian investors to access global exchanges with competitive rates and fees.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
