According to @CryptoKing4Ever, Grayscale has filed an amended S-1 to convert its Dogecoin Trust into an ETF under the ticker GDOG, described as a major step toward institutional crypto exposure; source: @CryptoKing4Ever. According to @CryptoKing4Ever, this move complements Grayscale’s Digital Large Cap Fund, which features BTC, ETH, XRP, SOL, and ADA, highlighting broader large-cap crypto coverage; source: @CryptoKing4Ever. Before GDOG can trade, the S-1 must be declared effective by the U.S. Securities and Exchange Commission, and an ETF cannot list until registration is effective and the exchange’s listing is approved; source: U.S. SEC. ETF shares typically use creation and redemption to keep market prices close to net asset value, a structural feature relevant to liquidity and price alignment once effective; source: U.S. SEC.

According to Milk Road (@MilkRoadDaily), Coinbase is set to be included in the S&P 500, a move that is expected to increase institutional exposure to crypto-related equities and could positively impact overall crypto liquidity (source: Milk Road, May 13, 2025). Additionally, recent data shows a decline in the Consumer Price Index (CPI), which historically correlates with upward price movements in Bitcoin as traders anticipate a more dovish monetary policy (source: Milk Road, May 13, 2025). The update also highlights the Milk Road PRO Portfolio changes and projects that 2025 will be a significant year for crypto mergers and acquisitions, signaling increased consolidation and maturation in the sector. These developments are critical for active traders monitoring both cross-market flows and sectoral trends impacting BTC and altcoins.

According to Michael Saylor on Twitter, Coinbase's stock ($COIN) has been officially added to the S&P 500 Index, marking a significant milestone for both Coinbase and the broader Bitcoin market (source: @saylor, May 12, 2025). This inclusion increases institutional exposure to crypto-related equities, potentially boosting $COIN trading volumes and impacting Bitcoin-linked ETF flows. Traders should monitor $COIN price action as S&P 500 index funds and ETFs adjust their portfolios, which could drive additional volatility and liquidity in both crypto and traditional equity markets.