21Shares Files for Spot Dogecoin ETF with SEC
The introduction of a spot Dogecoin ETF (DOGE) in the U.S. market has gained momentum with three asset managers: 21Shares, Bitwise, and Grayscale.
- 21Shares submitted an initial S-1 filing to the U.S. Securities and Exchange Commission (SEC).
- The ETF will be custodied by 21Shares and Coinbase.
- Management fee, ticker, and listing exchange are yet to be determined.
- The chosen exchange must file a 19b-4 document with the SEC for official submission.
- 21Shares partnered with the Dogecoin Foundation’s corporate arm, House of Doge, for marketing support.
- If approved, this would be the first ETF tracking a meme coin.
- DOGE is currently the 9th largest cryptocurrency by market cap at $23 billion.