Dogecoin Price Rises Slightly as 21Shares ETF Gains Approval

The price of Dogecoin increased slightly after the confirmation that a new spot Dogecoin ETF from 21Shares has been approved by U.S. regulators and is set to start trading soon.

Key Highlights

21Shares' Dogecoin ETF, under the ticker TDOG, has cleared regulatory approvals with the SEC.
This ETF becomes the third spot Dogecoin ETF in the U.S., following Grayscale and Bitwise products launched in November 2025.
The ETF tracks the spot value of Dogecoin using the CF Dogecoin Dollar US Settlement Price Index.
Management fee is set at 0.50%, charged daily and paid weekly in DOGE.
Bank of New York Mellon will serve as administrator, cash custodian, and transfer agent, while digital asset custody will be managed by Coinbase Custody Trust, Anchorage Digital Bank, and BitGo.

Market Reaction

Dogecoin traded near $0.140, with a 24-hour increase of 2.2% to $0.1368.
Trading volume surged 152.09% to $1.22 billion, indicating increased activity.
Futures open interest rose on Binance and OKX, but fell on Bybit and Gate.
DOGE remained above its 50-day moving average around $0.138, with the RSI near neutral levels.

South Korea also announced plans to launch spot crypto ETFs in 2026, aligning with its economic growth strategy.