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21Shares’ Spot Dogecoin ETF Listed on DTCC’s Active Roster
21Shares' proposed spot Dogecoin ETF, under the ticker TDOG, has been listed on the Depository Trust & Clearing Corporation (DTCC) roster. This procedural step allows broker-dealers to begin operational checks but does not imply regulatory approval.
Spot Dogecoin ETF Progress
- TDOG's listing on DTCC is a routine step that precedes launches of ETFs but offers no guarantee of timing or outcome.
- The US SEC continues to review 21Shares’ application. Nasdaq filed a proposal in April for listing the ETF, which would hold DOGE and be valued against CF Benchmarks’ pricing.
- On September 18, the SEC approved generic listing standards for spot commodity and digital-asset ETFs, potentially shortening launch windows but maintaining asset-specific scrutiny.
- Grayscale has also filed for a spot Dogecoin ETF, following the SEC's delay on 21Shares’ application.
- Rex-Osprey’s DOJE ETF, with hybrid exposure, recently launched, showing strong investor interest.
Market Implications
- DOGE traded around $0.240 at press time, showing little change despite the DTCC listing. The market often reacts to operational progress.
- Bitcoin's performance may influence DOGE's price more than the ETF's procedural steps.
- ETF listings like TDOG tend to amplify existing market trends rather than create new ones.
- The next decisive price catalyst likely depends on Bitcoin breaking its current trading range.
