21Shares Pushes Ahead: Dogecoin ETF Awaits Final SEC Approval
21Shares has taken another major step toward launching its spot Dogecoin ETF (DOGE). The company has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC), confirming key details — including the ticker TDOG — as it prepares for listing on Nasdaq.
Although the approval has been delayed due to the extended U.S. government shutdown, market sentiment remains highly optimistic — and Dogecoin has already bounced over 6% in response.
21Shares Dogecoin ETF: One Step from Reality
According to the official SEC filing, the fund will track Dogecoin’s price performance via the CF Dogecoin-Dollar U.S. Settlement Price Index, which measures DOGE in U.S. dollars.
🔹 Ticker: TDOG
🔹 Exchange: Nasdaq
🔹 Custodian: Coinbase Custody Trust Company
🔹 Administrator: Wilmington Trust NA
🔹 Marketing Agent: Foreside Global Services
🔹 Auditor: Cohen & Company
21Shares US LLC will act as the initial capital investor, providing $1.5 million to purchase DOGE at or before launch.
The management fee has not yet been disclosed — the issuer is waiting for other ETF filers to announce their own rates first. The filing notes that the sponsor fee will accrue daily and be paid bi-weekly in DOGE, a unique feature among crypto ETFs.
Analysts: Approval Is Nearly Certain
Bloomberg analysts have raised the likelihood of SEC approval for Dogecoin ETFs to 99%, citing the wave of updated S-1 filings ahead of the final deadline.
Once the U.S. government fully reopens, the SEC is expected to greenlight all delayed ETF applications simultaneously, much like it did for Bitcoin ETFs earlier this year.
Notably, the 21Shares Dogecoin ETF has already secured DTCC listing, a key procedural milestone before trading can begin.
“Once the government fully reopens, we expect a flood of approvals — and DOGE will be among them,” said Eric Balchunas, senior ETF analyst at Bloomberg.
Political Support for Crypto Strengthens
Optimism for ETF approval has also been fueled by growing political support for crypto in the U.S.
This week, executives from Ripple, Coinbase, Chainlink, Galaxy, Kraken, Uniswap, and Circle joined a private roundtable with pro-crypto Democrats, including Senator Kirsten Gillibrand, to discuss regulation and policy development.
This meeting further boosted investor confidence that crypto ETFs are on the verge of a breakthrough.
Dogecoin Rebounds — Investors Bet on “ETF Effect”
DOGE has seen a strong recovery following the ETF news, rising over 6% in the past 24 hours to $0.20.
Analyst Ali Martinez noted that Dogecoin bounced off a key support level, suggesting that if the ETF approval is confirmed, a major price rally could follow.
His projected price targets are:
🔹 $0.29 – first wave of recovery
🔹 $0.45 – breakout level
🔹 $0.86 – long-term target if ETFs are approved
Conclusion: Dogecoin Enters a New Era
If approved, the 21Shares Dogecoin ETF would mark a historic milestone — making DOGE the first-ever memecoin with a U.S.-listed spot ETF.
This move could fundamentally reshape how traditional investors view memecoins, elevating Dogecoin from an internet joke to a symbol of financial innovation and inclusivity.
Dogecoin once again proves that even a meme can lead a market revolution.
#Dogecoin , #DOGE , #etf , #CryptoNews , #NASDAQ
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