Dogecoin is back in the spotlight as Grayscale's spot Dogecoin ETF application is still under review by the Securities and Exchange Commission for a long time. Notably, the regulator has yet to make a final ruling on more than 70 copycat ETF applications, which include not only Dogecoin but also a number of other large coins such as XRP, Solana, and Litecoin. Grayscale launched the DOGE Trust for the first time in January 2025 and formally submitted an ETF conversion application in March, but the agency continued to mention the need for "additional analysis" to ensure compliance with Section 6(b)(5) of the Securities Act. The Securities and Exchange Commission included Grayscale's Dogecoin spot ETF in its long-term evaluation plan This reflects the slow but ultimately successful path of the spot bitcoin ETF, which attracted billions of dollars in inflows after approval after lengthy review. According to the current SEC filings, DOGE's next decision date for ETFs is set for June. However, this also does not guarantee approval, with Polymarket's percentage of green lights soaring to 23% by the end of July. Bloomberg analyst James Seyffart clarified that the delay is standard procedure for applications filed under Form 19b-4, while October remains the deadline for these products.