The First Dogecoin ETF in the United States ?
21Shares, a Switzerland-based digital asset management company, has recently filed an application with the Securities and Exchange Commission (SEC) to launch an Exchange-Traded Fund (ETF) backed by Dogecoin. This announcement follows similar filings made by rival companies Bitwise and Grayscale.
The 21Shares Dogecoin ETF project aims to replicate the performance of the most popular memecoin. According to the registration document filed with the SEC, Coinbase Custody would be the proposed custodian for this ETF. However, 21Shares has not yet disclosed the fees, ticker, or exchange where it would be listed.
A Strategic Partnership with the Dogecoin Foundation
To complement the launch of this ETF, 21Shares has announced an exclusive partnership with the Dogecoin Foundation, the legal entity overseeing the cryptocurrency. The operational arm of the foundation, the “House of Doge”, will actively participate in the fund’s marketing efforts.
“Dogecoin has become much more than just a cryptocurrency; it is a true cultural and financial movement that continues to drive mainstream adoption. This Dogecoin ETF will give investors a regulated way to participate in this exciting project,” said Duncan Moir, president of 21Shares.
This new Dogecoin ETF application comes amidst a surge in crypto fund filings with the SEC. According to Bloomberg analysts, asset managers are taking a “shotgun approach,” submitting numerous applications in hopes that some will be approved by the authorities.
Estimates suggest the likelihood of the SEC approving a Dogecoin ETF this year to be around 75%. Meanwhile, the prediction platform Polymarket evaluates these odds at 64%.
Should You Buy the DOGE Dip ?
With this new Dogecoin ETF application, 21Shares asserts its intention to establish itself as a key player in the rapidly expanding market of listed crypto funds. Beyond the financial aspect, this ETF symbolizes the growing recognition of Dogecoin, originally launched as a mere “joke,” as a legitimate crypto asset.
The imminent arrival of a Dogecoin ETF in the United States marks a new milestone in democratizing cryptocurrencies for the general public. This development is expected to contribute to amplifying adoption and visibility of this “meme” phenomenon that has become indispensable in the world of digital assets.
Currently, DOGE is trading at $0.157 after a 13% increase following the announcement of Donald Trump’s tariff pause. For DOGE to start a bullish rally, it will need to break its resistance at $0.17 and turn it into support.
Here is a clear guide to buy DOGE on the Weex platform while receiving a bonus upon registration:
- Create a Weex account
Visit the official Weex website and sign up with your email or phone number. - Verify your identity (KYC)
Complete the KYC verification by submitting an ID document and, if required, proof of address. This quick step is essential to access all trading features. - Add funds
In “Deposit,” fund your wallet with cryptos (USDT, BTC, etc.) or via fiat (credit card, bank transfer, as available). Follow the steps to finalize. - Access the DOGE market
Go to “Spot Trading,” search for “DOGE” in the dedicated bar, and select the DOGE/USDT pair. - Make the purchase
Choose a market order for an instant purchase or a limit order to set a specific price. Indicate the desired DOGE quantity, verify, and confirm.
