21Shares, a digital asset manager based in Zurich, has filed with the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot Dogecoin ETF. 🐶

This fund will track the performance of Dogecoin, currently priced at $0.156. Coinbase Custody is proposed as the custodian for the fund. Details such as the ETF ticker, fees, and listing exchange have yet to be announced.

21Shares has also entered into an exclusive partnership with House of Doge to launch a Dogecoin ETP on the SIX Swiss Exchange. This ETP is 100% physically backed, with a fee of 2.50%, aimed at providing investors with institutional-level access to Dogecoin. 🌟

Analysts' predictions indicate that the likelihood of the SEC approving a spot Dogecoin ETF is quite high, reflecting increasing optimism in the cryptocurrency sector.