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21Shares Seeks SEC Nod for Spot Dogecoin ETF
21Shares submits S-1 and 19b-4 filings for a spot Dogecoin ETF.
The ETF will hold actual DOGE, with Coinbase Custody as custodian.
Approval could pave the way for institutional investment in Dogecoin.
On April 9, 2025, 21Shares, a leading crypto asset manager, filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin ETF. Shortly after, Nasdaq submitted a Form 19b-4 to list and trade the ETF, initiating the SEC’s review process.
Unlike futures-based ETFs, this proposed fund aims to hold actual Dogecoin, tracking its price using the CF DOGE-Dollar Settlement Price Index. Coinbase Custody Trust Company is designated as the custodian, ensuring secure storage of the assets. The ETF will not employ leverage or derivatives, focusing solely on the spot price of DOGE.
Strategic Partnerships and Market Implications
To bolster the ETF’s market presence, 21Shares has partnered with the House of Doge, the corporate arm of the Dogecoin Foundation. This collaboration aims to support marketing, branding, and strategic outreach efforts.
If approved, this ETF would be the first U.S.-listed fund to offer direct exposure to Dogecoin, potentially attracting institutional investors and legitimizing DOGE as a viable investment asset. Analysts estimate a 75% chance of approval in 2025, reflecting a growing acceptance of cryptocurrency-based financial products.
BREAKING: 21Shares files for a $DOGE ETF with Nasdaq. pic.twitter.com/DB424UPCEp
— Cointelegraph (@Cointelegraph) April 29, 2025
Competitive Landscape and Future Outlook
21Shares is not alone in this endeavor; competitors like Grayscale and Bitwise have also filed for spot Dogecoin ETFs, choosing NYSE Arca as their listing venue. The SEC’s decision on these applications will be pivotal in determining the future of crypto-based ETFs in the U.S. market.
As Dogecoin continues to gain popularity, the approval of a spot ETF could significantly impact its market dynamics, offering investors a regulated and accessible means to invest in the cryptocurrency.
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21Shares Seeks SEC Nod for Spot Dogecoin ETF
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The post 21Shares Seeks SEC Nod for Spot Dogecoin ETF appeared first on Coinomedia.com.
The ETF will hold actual DOGE, with Coinbase Custody as custodian.
Approval could pave the way for institutional investment in Dogecoin.
On April 9, 2025, 21Shares, a leading crypto asset manager, filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin ETF. Shortly after, Nasdaq submitted a Form 19b-4 to list and trade the ETF, initiating the SEC’s review process.
Unlike futures-based ETFs, this proposed fund aims to hold actual Dogecoin, tracking its price using the CF DOGE-Dollar Settlement Price Index. Coinbase Custody Trust Company is designated as the custodian, ensuring secure storage of the assets. The ETF will not employ leverage or derivatives, focusing solely on the spot price of DOGE.
Strategic Partnerships and Market Implications
To bolster the ETF’s market presence, 21Shares has partnered with the House of Doge, the corporate arm of the Dogecoin Foundation. This collaboration aims to support marketing, branding, and strategic outreach efforts.
If approved, this ETF would be the first U.S.-listed fund to offer direct exposure to Dogecoin, potentially attracting institutional investors and legitimizing DOGE as a viable investment asset. Analysts estimate a 75% chance of approval in 2025, reflecting a growing acceptance of cryptocurrency-based financial products.
BREAKING: 21Shares files for a $DOGE ETF with Nasdaq. pic.twitter.com/DB424UPCEp
— Cointelegraph (@Cointelegraph) April 29, 2025
Competitive Landscape and Future Outlook
21Shares is not alone in this endeavor; competitors like Grayscale and Bitwise have also filed for spot Dogecoin ETFs, choosing NYSE Arca as their listing venue. The SEC’s decision on these applications will be pivotal in determining the future of crypto-based ETFs in the U.S. market.
As Dogecoin continues to gain popularity, the approval of a spot ETF could significantly impact its market dynamics, offering investors a regulated and accessible means to invest in the cryptocurrency.
Read Also :
21Shares Seeks SEC Nod for Spot Dogecoin ETF
6 Meme Coins Turning Heads This Year: Moo Deng, Notcoin, and a New Presale Tipped to Create Millionaires
Bitcoin Supply in Profit Nears Historic Euphoria Level
Crypto Eyes Q3 Upswing as Liquidity Returns—Is Qubetics the Best Cheap Crypto to Buy Now Along With Cosmos and SUI?
Why Projects Like Qubetics, Stellar, and Arweave Are the Top Cryptos to Invest in Today
The post 21Shares Seeks SEC Nod for Spot Dogecoin ETF appeared first on Coinomedia.com.
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