- 21Shares filed for a spot Dogecoin ETF as it partners with House of Doge to expand regulated crypto access.
- Dogecoin may enter mainstream ETFs as 21Shares seeks SEC approval for a fund that tracks DOGE price directly.
- A Senate vote on a new SEC chair could impact decisions on Dogecoin and other pending crypto ETF proposals.
21Shares has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a spot Dogecoin exchange-traded fund. The proposed fund, named 21Shares Dogecoin ETF, would allow investors to track the price of DOGE without buying the token directly.
This filing adds to the growing list of firms aiming to launch crypto-based ETFs in the U.S. In January, Bitwise also filed for a Dogecoin ETF. 21Shares is already managing spot ETFs for Bitcoin and Ethereum, with $4.6 billion in assets under management under its Bitcoin fund ARKB.
Exclusive Partnership With House of Doge
Along with the ETF filing, 21Shares announced an exclusive partnership with the House of Doge. The initiative supports financial backing for funds that gain Dogecoin Foundation approval. The House of Doge stands as a Dogecoin Foundation-backed project which plays an essential role in managing Dogecoin’s digital environment.
The partnership includes a fully backed Dogecoin exchange-traded product (ETP) that will launch on the SIX Swiss Exchange. The ETP will trade under the ticker “DOGE” and carry a 2.5% management fee. This gives investors exposure to Dogecoin through a regulated platform outside the U.S.
Dogecoin’s Market Presence and Utility
Dogecoin maintains a market capitalization value of approximately $24 billion which establishes it as the eighth-largest cryptocurrency. Its creators established Dogecoin originally as an entertaining alternative to Bitcoin and it has since matured into a valuable asset that powers practical uses. It is now widely used for online tipping, charitable donations, and small payments.
The proposed ETF aims to broaden access to Dogecoin by giving investors a transparent and regulated way to participate. By offering a fund that tracks DOGE’s price, 21Shares hopes to attract both retail and institutional investors.
ETF Filing Arrives Ahead of SEC Change
The filing comes at a key moment as the Senate voted to confirm Paul Atkins as the next chair of the SEC. Atkins is viewed as more favorable toward cryptocurrency than former chair Gary Gensler. His confirmation could influence the speed and outcome of pending ETF applications.
Last month, the SEC delayed decisions on several crypto ETF proposals, including those for Litecoin, Solana, XRP, and Dogecoin. Analysts said the delays were expected due to the pending leadership change at the agency.
Crypto Market Reacts to Tariff Pause
This ETF filing happened while former President Donald Trump implemented a three-month delay for new U.S. tariffs. The cryptocurrency market experienced a substantial rally after the new filing from the ETF. Bitcoin rose 6.73% to $82,067. Dogecoin, Ethereum and XRP experienced quick price increases exceeding 10%. Solana surged by 13%.
The cryptocurrency market displayed continuous weakness preceding the official announcement. Bitcoin reached its five-month minimum value at $74,000 during this period.
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