21Shares has filed with the SEC to launch a Dogecoin ETF in the U.S., aiming to bring the popular meme coin to Wall Street. The company submitted an S-1 registration form and awaits approval of a 19b-4 filing, both prerequisites for trading to commence.

The 21Shares Dogecoin ETF will track DOGE's price using the CF Dogecoin-Dollar Settlement Price, offering investors regulated exposure to the memecoin without direct asset ownership.

This filing follows Dogecoin's recovery from a price drop to $0.14. 21Shares is the third firm, after Grayscale and Bitwise, to file for a Dogecoin ETF. The next step is the 19b-4 filing, formally initiating the SEC's approval process.

This announcement coincides with 21Shares launching a Dogecoin ETP on the SIX Swiss Exchange, in an exclusive partnership with the House of Doge. This ETP is the first and only one endorsed by the Dogecoin Foundation. If the SEC approves the ETF, 21Shares and the House of Doge will collaborate on its promotion. Coinbase will serve as custodian.

This development is considered bullish for Dogecoin, potentially boosting adoption and driving price increases. Crypto analyst Kevin Capital highlighted a bullish chart pattern suggesting a potential rebound. While the recent rally may be partially attributed to macroeconomic news, specifically Trump's 90-day tariff pause, Kevin noted the charts already indicated this upward movement.

The crypto market rebounded after Trump's announcement, with Bitcoin jumping as much as 7.7% to $82,967. Ethereum, Dogecoin, and XRP surged over 12%, while Solana's token rose by 14%.

Last month, the SEC delayed action on Litecoin, Dogecoin, Solana, and XRP ETFs due to the pending confirmation of Paul Atkins as SEC Chair. The Senate has now confirmed Paul Atkins in a 52-44 vote, with Presidential approval expected soon. Given Atkins' pro-crypto stance, this signifies a significant shift in crypto and financial regulation under the Trump administration.