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April 09.2025

2 Minutes Read

21Shares Follows Rivals to File for Spot Dogecoin ETF: What You Need to Know

21Shares files for spot Dogecoin ETF in the US

A New Era for Dogecoin: 21Shares Takes the Lead

In a surprising twist in the cryptocurrency landscape, 21Shares, a well-known crypto asset manager, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Dogecoin exchange-traded fund (ETF). This bold move comes closely on the heels of similar filings by industry players like Bitwise and Grayscale, hinting at a growing enthusiasm for cryptocurrencies beyond traditional assets.

What’s a Spot Dogecoin ETF?

The proposed ETF aims to track the price of Dogecoin (DOGE), the eighth-largest cryptocurrency with a market cap of approximately $24.2 billion. Established in 2013 as a fun response to Bitcoin, Dogecoin has experienced intense fluctuations that excite traders and investors alike. 21Shares will work alongside the Dogecoin Foundation’s corporate arm, House of Doge, for effective marketing of this unique fund.

Filings and Futures: What Comes Next?

For the ETF to hit the market, 21Shares will need to complete a 19b-4 filing with the SEC, marking the start of the regulatory approval process. Industry analysts predict a strong likelihood of approval, with figures suggesting a 64-75% chance by year’s end—factors that can excite potential investors. Yet, the specifics, such as the custodian and stock exchange where the ETF would list, are still under wraps as negotiations and compliance details unfold.

A Shifting Landscape for Crypto Investments

The landscape for crypto ETFs is shifting rapidly, with firms employing diverse strategies to see which products the new SEC leadership might approve. This “spaghetti cannon approach” suggests that multiple ETFs will be launched simultaneously as companies scramble to adapt to market needs.

Join the Movement: Keep an Eye on Dogecoin

As the developments surrounding the Dogecoin ETF unfold, it’s vital for both seasoned traders and newcomers to stay informed. The rise of cryptocurrency offerings signifies new possibilities for investment and financial growth. Follow our coverage to stay connected to the exciting changes in the crypto world!

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04.30.2025

Unlocking Bitcoin's Future: Why is the Price Stuck Below $100,000?

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04.29.2025

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21Shares Follows Rivals to File for Spot Dogecoin ETF: What You Need to Know

A New Era for Dogecoin: 21Shares Takes the Lead

What’s a Spot Dogecoin ETF?

Filings and Futures: What Comes Next?

A Shifting Landscape for Crypto Investments

Join the Movement: Keep an Eye on Dogecoin

COMPANY

(604) 629-0877

AVAILABLE FROM 8AM - 5PM

City, State

Suite 200 - 780 Beatty Street,, Vancouver, BC

Terms of Service

Privacy Policy

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