Dogecoin ETF Asset manager 21Shares has formally registered with the U.S. Securities and Exchange Commission (SEC) to officially launch a Dogecoin ETF, attesting to a major turning point for the popular meme currency. This action follows further sell-offs that drove the Dogecoin (DOGE) price to $0.14, rebounding from previous lows.
21Shares Joins the Race With Grayscale and Bitwise
Together with Grayscale and Bitwise, 21 Shares becomes the third asset management firm to turn in the S-1 form to seek permission for a Dogecoin ETF. Filing the 19b-4 form via a partnered exchange will formally start the SEC’s review in the regulatory procedure.
Strategic Partnership with House of Doge
Fascinatingly, the ETF application aligns with introducing a Dogecoin ETP on the SIX Swiss Exchange by 21Shares, thanks to House of Doge’s cooperation. Should the ETF get SEC clearance, this cooperation will proceed per the prospectus. The corporate branch of the Dogecoin Foundation, House of Doge, will help promote the fund and handle marketing.
Coinbase Named as Custodian
The ETF’s direct ownership of Dogecoin will give institutional investors a convenient way to get exposure to the trendy meme coin. Coinbase, one of the top crypto exchanges worldwide, will officially be the fund’s custodian.
Market Outlook: Is Dogecoin Preparing for a Rally?
Technical signals point to a positive Dogecoin setup among the ETF frenzy. Daily positive divergence is developing on the DOGE chart, claims crypto analyst Kevin Capital. He credits macroeconomic events—specifically, Donald Trump’s decision to stop reciprocal tariffs for ninety days—for some of this momentum, which has driven a comeback in the general crypto market.
“The charts were already hinting at this move,” Capital noted, “but the macro news certainly accelerated it.”
Analyst Master Kebobi, meanwhile, thinks the bottom might be in and that Dogecoin might climb to the much-awaited $1 milestone in the next months.
Why This Matters for DOGE and the Crypto Market
This ETF filing signals a growing institutional interest in meme coins, offering potential benefits such as:
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Increased liquidity and market accessibility
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Greater legitimacy for Dogecoin among mainstream investors
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Positive momentum for other meme coins and altcoins
What’s Next?
The SEC’s decision will be vital in determining Dogecoin’s short-term and mid-term direction. At present, investors and fans are eagerly observing. This action could lead to fresh acceptance and inflows into the DOGE system.
