DTCC Lists 21Shares Dogecoin ETF ($TDOG)- SEC Approval Still Pending

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Key Takeaways

• DTCC lists 21Shares Dogecoin ETF ticker TDOG, but the SEC approval timeline is still uncertain.
• Analysts highlight a bullish Dogecoin triangle pattern, with predictions ranging from $0.50 breakout to $1 target.

The Depository Trust & Clearing Corporation (DTCC) has officially listed the 21Shares Dogecoin ETF under the ticker TDOG. This step has drawn attention, but regulatory clearance is still pending.

The listing is a part of standard preparations for any new ETF. While the SEC has yet to approve the filing, the process requires public comments, reviews, and regulatory feedback before any official outcome is reached.

Approval timelines remain uncertain, reflecting the regulator’s cautious approach toward crypto-based funds.

Source: X

21Shares US LLC, a division of 21co Holdings Limited, sponsors the ETF. According to filings, it intends to hold Dogecoin directly, with its price tracked by a designated index. Coinbase Custody Trust Company will manage custody of the assets if approval is granted.

Dogecoin ETF Listings Signal Rising Investor Demand

This step follows the earlier launch of REX-Osprey’s Dogecoin ETF. That product secured $17 million in trading volume on its opening day, giving mainstream investors direct spot exposure to the meme coin.

However, in early September, Bloomberg analyst Eric Balchunas criticized Dogecoin, stating it “has no utility” and was created “by two guys as a joke.” Later, he clarified his stance, saying he is “fine with meme coins” and emphasized that investors should treat Dogecoin as speculative entertainment rather than a functional asset.

The SEC has maintained a cautious position on Dogecoin and similar products. The regulator had previously extended its review, citing compliance requirements under Nasdaq Rule 5711(d).

According to CNF, other firms, including Bitwise, have also faced delays, with the SEC extending DOGE ETF review deadlines into November 2025.

Meanwhile, applications for ETFs tied to Solana, Litecoin, and XRP remain under review, showing the broader backlog facing crypto funds. The uncertainty has not dampened interest, but approval remains a hurdle across multiple altcoin-based ETFs.

Dogecoin Bullish Triangle Signals $0.50 Target

Dogecoin is currently priced at $0.24, up about 1% over the last 24 hours but down nearly 9.9% for the week. Despite the decline, some analysts hold an optimistic outlook.

Ali Martinez highlighted that Dogecoin is consolidating in a bullish triangle pattern. He said, “this is a great zone to buy Dogecoin $DOGE before a bullish breakout to $0.50!”

Another analyst, Mags, believes Dogecoin is undergoing a “final bullish retest.” His analysis points toward a possible path to $1 if market momentum builds.