On April 9, 21Shares submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) linked to Dogecoin. The company filed a Form S-1 registration statement, detailing plans for the 21Shares Dogecoin ETF.
This ETF aims to mirror DogecoinS price using the CF DOGE-dollar US Settlement Price Index. Coinbase Custody will act as the custodian. The fund will be a passive investment, holding actual Dogecoin and calculating its daily net asset value based on the benchmark index.
The Trust won’t actively trade Dogecoin, except for share creations, redemptions, or fee coverage. To boost outreach, 21Shares partnered with House of Doge, the corporate arm of the dogecoin Foundation, for marketing and strategic positioning.
This SEC filing is part of a broader Dogecoin strategy. Just a day earlier, 21Shares launched the world’s first Dogecoin ETP on Switzerland’s SIX swiss exchange. The ETP offers investors a regulated way to engage with Dogecoin.
Other issuers,like Grayscale,Bitwise,and Rex Shares,have also applied for a DOGE ETF. According to polymarket, there’s a 64% chance of a spot Dogecoin ETF approval this year.
