BlockBeats news, there is new movement in the blockchain world! 🎉 On April 10, according to Bloomberg analyst James Seyffart, digital asset management company 21Shares is applying to the U.S. Securities and Exchange Commission (SEC) to launch a brand new spot Dogecoin exchange-traded fund (ETF). This marks yet another company joining the memecoin frenzy after Bitwise and Grayscale!

21Shares' Dogecoin ETF will closely track the price fluctuations of Dogecoin. According to the S-1 registration statement submitted on April 9, House of Doge, a subsidiary of the Dogecoin Foundation, will assist 21Shares in promoting this fund. It seems that Dogecoin is not just a joke; it is gradually moving towards the mainstream financial market.

So, why is everyone so interested in Dogecoin? This may be related to the community culture behind it and its wide recognition. Dogecoin was originally created as a joke, but over time, it has become a star in the cryptocurrency world. Its drastic price fluctuations have also attracted a large number of investors' attention.

Of course, launching such an ETF is not an easy task. Whether the application will receive SEC approval remains unknown. After all, regulatory agencies have always been cautious about cryptocurrencies. However, if approved, this will provide investors with a more convenient way to participate in the Dogecoin market.

For investors, this is undoubtedly an opportunity worth paying attention to. But also remember, the cryptocurrency market is highly volatile, and investment should be done cautiously!

Friends, what do you think about the launch of the Dogecoin ETF? Feel free to share your thoughts and insights in the comments section! Let’s chat about this interesting topic together!