🚨BREAKING NEWS 👉🏻 #DOGE_ETF 🚨
21Shares Files for Spot Dogecoin ETF with Nasdaq:🔥💥🚀🚀🚀
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 DOGE’s 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 SEC’s formal review.
21Shares partnered with House of Doge, the Dogecoin Foundation’s corporate arm, to market the fund, emphasizing DOGE’s growing legitimacy. Concurrently, 21Shares launched a Dogecoin ETP on Switzerland’s SIX Swiss Exchange, endorsed by the Foundation, with a 2.5% fee and ticker “DOGE.”
Bloomberg analysts estimate a 75% chance of SEC approval in 2025, bolstered by the crypto-friendly SEC Chair Paul Atkins’ recent confirmation. Polymarket odds sit at 64%. The filing aligns with a crypto market rally, partly driven by Trump’s 90-day tariff pause, with DOGE surging 8-12% to above $0.15.
This move reflects 21Shares’ broader strategy, including prior filings for Polkadot and XRP ETFs. Analysts describe the influx of altcoin ETF filings as a “spaghetti cannon” approach, testing regulatory boundaries. If approved, the ETF could elevate DOGE’s mainstream adoption, potentially driving further price gains. $BTC #Write2Earn
