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đ¨BREAKING NEWS đđť #DOGE_ETF đ¨
21Shares Files for Spot Dogecoin ETF with Nasdaq:đĽđĽđđđ
21Shares filed an S-1 registration with the U.S. SEC to launch a spot Dogecoin (DOGE) ETF, joining competitors Bitwise and Grayscale in the race to bring the meme coin to traditional finance. The proposed 21Shares Dogecoin ETF aims to track DOGEâs price using the CF DOGE-Dollar US Settlement Price Index, with Coinbase Custody as the custodian. The ETF will hold actual Dogecoin, offering investors regulated exposure without direct ownership. A 19b-4 filing is still needed to initiate the SECâs formal review.
21Shares partnered with House of Doge, the Dogecoin Foundationâs corporate arm, to market the fund, emphasizing DOGEâs growing legitimacy. Concurrently, 21Shares launched a Dogecoin ETP on Switzerlandâs SIX Swiss Exchange, endorsed by the Foundation, with a 2.5% fee and ticker âDOGE.â
Bloomberg analysts estimate a 75% chance of SEC approval in 2025, bolstered by the crypto-friendly SEC Chair Paul Atkinsâ recent confirmation. Polymarket odds sit at 64%. The filing aligns with a crypto market rally, partly driven by Trumpâs 90-day tariff pause, with DOGE surging 8-12% to above $0.15.
This move reflects 21Sharesâ broader strategy, including prior filings for Polkadot and XRP ETFs. Analysts describe the influx of altcoin ETF filings as a âspaghetti cannonâ approach, testing regulatory boundaries. If approved, the ETF could elevate DOGEâs mainstream adoption, potentially driving further price gains. $BTC #Write2Earn
$DOGE
21Shares Files for Spot Dogecoin ETF with Nasdaq:đĽđĽđđđ
21Shares filed an S-1 registration with the U.S. SEC to launch a spot Dogecoin (DOGE) ETF, joining competitors Bitwise and Grayscale in the race to bring the meme coin to traditional finance. The proposed 21Shares Dogecoin ETF aims to track DOGEâs price using the CF DOGE-Dollar US Settlement Price Index, with Coinbase Custody as the custodian. The ETF will hold actual Dogecoin, offering investors regulated exposure without direct ownership. A 19b-4 filing is still needed to initiate the SECâs formal review.
21Shares partnered with House of Doge, the Dogecoin Foundationâs corporate arm, to market the fund, emphasizing DOGEâs growing legitimacy. Concurrently, 21Shares launched a Dogecoin ETP on Switzerlandâs SIX Swiss Exchange, endorsed by the Foundation, with a 2.5% fee and ticker âDOGE.â
Bloomberg analysts estimate a 75% chance of SEC approval in 2025, bolstered by the crypto-friendly SEC Chair Paul Atkinsâ recent confirmation. Polymarket odds sit at 64%. The filing aligns with a crypto market rally, partly driven by Trumpâs 90-day tariff pause, with DOGE surging 8-12% to above $0.15.
This move reflects 21Sharesâ broader strategy, including prior filings for Polkadot and XRP ETFs. Analysts describe the influx of altcoin ETF filings as a âspaghetti cannonâ approach, testing regulatory boundaries. If approved, the ETF could elevate DOGEâs mainstream adoption, potentially driving further price gains. $BTC #Write2Earn
$DOGE
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