21Shares’ proposed Dogecoin ETF has been added to the Depository Trust & Clearing Corporation’s (DTCC) National Securities Clearing Corporation list. The ticker symbol is TDOG.
As of September 23, the updated DTCC list shows that the swiss asset management firm’s DOGE ETF has been cleared for listing and settlement. DTCC acts as the main clearing and settlement hub for equities and ETFs in the U.S. Issuers usually list their products ahead of potential approval to ensure operational readiness.
However, the Dogecoin fund still needs approval from the Securities and Exchange Commission (SEC) before it can be traded. Without SEC approval, the DTCC listing is just a procedural step.
Earlier this month, spot ETFs for solana, Hedera, and XRP were added to the DTCC’s list. 21Shares submitted its proposal to the SEC for a Dogecoin ETF in April. The regulator acknowledged the filing in May but has delayed its decision.
Dogecoin price has not reacted positively to this news. it slipped about 4% in the past 24 hours. The broader crypto market faced heavy turbulence, with Bitcoin dropping to multi-week lows.
dogecoin price had been rallying over the past month on hopes of a potential ETF approval. However, the rally failed to materialize, and DOGE has given up nearly all of its gains. When writing, Dogecoin (DOGE) was trading at $0.2395,up just 1.3% in the past 30 days.
