{"id":21406,"date":"2025-04-10T00:32:28","date_gmt":"2025-04-10T00:32:28","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21406"},"modified":"2025-04-10T00:32:28","modified_gmt":"2025-04-10T00:32:28","slug":"21shares-files-for-spot-dogecoin-etf-in-the-us","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21406","title":{"rendered":"21Shares files for spot Dogecoin ETF in the US"},"content":{"rendered":"
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Digital asset manager 21Shares has filed with the US Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund, following similar filings from rivals Bitwise and Grayscale.<\/p>\n

The 21Shares Dogecoin ETF would seek to track the price of the memecoin Dogecoin (DOGE<\/a>), according<\/a> to the firm\u2019s April 9 Form S-1 registration statement. The Dogecoin Foundation\u2019s corporate arm, House of Doge, plans to assist 21Shares with marketing the fund.<\/p>\n

21Shares said Coinbase Custody<\/a> would be the proposed custodian of its Dogecoin ETF<\/a> but did not specify a fee, ticker or what stock exchange it would list on.<\/p>\n

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Source: <\/em>James Seyffart<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

21Shares must also file a 19b-4 filing with the SEC to kickstart the regulator’s approval process for the fund.\u00a0<\/p>\n

DOGE currently has a $24.2 billion market cap<\/a> and is the eighth-largest cryptocurrency by value. It was created in 2013 as a joke and is a fork of Lucky Coin, which itself is a fork of Bitcoin.<\/p>\n

21Shares\u2019 proposed Dogecoin ETF is the company\u2019s latest effort to expand its spot crypto ETF offerings, which currently includes only a spot Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) fund.<\/p>\n

The issuer also filed with the SEC in February to launch a spot Polkadot (DOT<\/a>) ETF and last year, it filed to create a spot XRP (XRP<\/a>) ETF.<\/p>\n

Related: <\/strong><\/em>Dogecoin millionaires are buying dips as DOGE price eyes 30% rally<\/strong><\/em><\/a><\/p>\n

The recent surge in crypto ETF filings reflects a \u201cspaghetti cannon approach\u201d from issuers testing which products the new SEC leadership<\/a> might approve, Bloomberg ETF analyst James Seyffart said in February.<\/p>\n

\u201cIssuers will try to launch many many different things and see what sticks,\u201d Seyffart said.<\/p>\n

Seyffart and fellow Bloomberg ETF analyst Eric Balchunas said in February that there is a 75% chance<\/a> that the SEC will approve a spot Dogecoin ETF this year, while the betting platform Polymarket currently gives<\/a> approval odds of 64%.<\/p>\n

21Shares and House of Doge partner for DOGE funds in Switzerland<\/h2>\n

21Shares also said<\/a> on April 9 that it partnered with House of Doge<\/a> to launch a fully backed Dogecoin exchange-traded product on Switzerland\u2019s SIX Swiss Exchange.<\/a><\/p>\n

The 21Shares Dogecoin product will trade under the ticker \u201cDOGE\u201d with a 2.5% fee.<\/p>\n

21Shares president Duncan Moir said that Dogecoin \u201chas become more than a cryptocurrency: it represents a cultural and financial movement that continues to drive mainstream adoption, and DOGE offers investors a regulated avenue to be part of this exciting project.\u201d<\/p>\n

Magazine: <\/strong><\/em>Memecoin degeneracy is funding groundbreaking anti-aging research<\/strong><\/em><\/a><\/p>\n