21Shares Updates Dogecoin ETF Filing with 0.50% Management Fee

21Shares has updated its filing for a Dogecoin ETF with the SEC, specifying a management fee of 0.50%. This fee will accrue daily and be payable in Dogecoin weekly. No waiver is mentioned for this fee.

The ETF aims to track Dogecoin's performance using the CF DOGE-Dollar US Settlement Price Index.
It will trade on Nasdaq under the ticker "TDOG" once approved.
21Shares US LLC is the seed capital investor, intending to use $1.5 million to purchase Dogecoin at listing.
Bank of New York Mellon will be the administrator, cash custodian, and transfer agent. Anchorage Digital Bank and BitGo are additional custodians.

DOGE's price has increased by 11.72% to $0.1506 following the announcement. The trading volume rose by 35.29%, indicating higher activity. Despite this rise, DOGE remains below significant moving averages, although breaking the $0.14 resistance offers some support. The Relative Strength Index (RSI) stands at 45.19, suggesting a potential upside.