The U.S. Securities and Exchange Commission (SEC) has acknowledged an exchange-traded fund (ETF) filing by 21Shares for Dogecoin (DOGE).

This comes after the SEC also moved to start reviewing a similar Dogecoin ETF filing from Grayscale in early February.

The acknowledgment means that the regulatory agency has added the application to the public record and kicked off a review process. It takes the SEC up to 240 days to decide whether it should approve or reject a certain ETF.

Of course, the fact that the SEC has merely acknowledged an ETF filing does not necessarily mean that it will eventually be greenlit.

It took spot Bitcoin ETFs more than a decade to finally obtain approval from the SEC. With altcoins, however, things are moving at a much faster pace with the new crypto-friendly SEC administration.

Earlier this year, the SEC delayed potential Dogecoin ETF applications from Bitwise and postponed its decision on Grayscale's filing. The agency usually has four decision windows before the final deadline. The final possible deadline for the Dogecoin ETF filed by 21Shares would be January 9, 2026.

According to Bloomberg, the SEC, which is now being led by libertarian Paul Atkins, is likely to approve some spot altcoin ETFs as early as October.

21Shares originally joined the Dogecoin ETF race on April 10.