21Shares Files for SEC Approval to Launch Spot Dogecoin ETF

Zürich-based digital asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) for approval to launch a spot Dogecoin ETF. The proposed fund would track the performance of Dogecoin (DOGE), currently priced at approximately $0.156.

Dogecoin ETF Proposal

21Shares' filing names Coinbase Custody as the proposed custodian. Details such as the ETF's ticker symbol, fees, and listing exchange remain undisclosed. House of Doge Inc., the corporate arm of the Dogecoin Foundation, will provide marketing, strategic, and related support. This filing follows similar applications from other crypto asset managers, including Bitwise and Grayscale. 21Shares has also previously filed with the SEC for spot Bitcoin, Ether, Polkadot, and XRP ETFs.

Market predictions suggest a significant chance of SEC approval for a spot Dogecoin ETF. Polymarket, a betting platform, assigns a 64% probability of approval. This aligns with a February prediction from Bloomberg analysts Eric Balchunas and James Seyffart, who estimated a 75% likelihood of approval by 2025. Their prediction reflects growing institutional interest in cryptocurrency ETFs beyond Bitcoin and Ethereum.

Exclusive Partnership with House of Doge

Separately, 21Shares announced an exclusive partnership with House of Doge to launch the 21Shares Dogecoin ETP (Exchange-Traded Product). Listed on the SIX Swiss Exchange under the ticker DOGE, this 100% physically backed ETP offers institutional-grade exposure to Dogecoin with a 2.50% fee.

21Shares President Duncan Moir commented: “With this exclusive partnership, we’re providing investors with the most direct and accessible way to gain exposure to the Dogecoin ecosystem. Dogecoin has become more than a cryptocurrency; it represents a cultural and financial movement driving mainstream adoption. DOGE offers investors a regulated avenue to participate.”

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