The post 21 Shares Officially Files For DOGE ETF; Dogecoin Price Soars appeared first on Coinpedia Fintech News
21Shares has officially filed to launch a Dogecoin ETF in the U.S., aiming to bring the popular meme coin to Wall Street. The company submitted an S-1 registration form with the SEC and is also awaiting its approval of a 19-b4 filing, both of which are needed before its trading can begin.
Notably, the 21 Shares Dogecoin ETF will track the price of DOGE using the CF Dogecoin-Dollar Settlement Price, giving investors a simple and regulated way to gain exposure to the memecoin without directly needing to hold the asset.
21Shares Joins Grayscale and Bitwise
This move comes as Dogecoin bounces back from a sharp sell-off which led to a drop in its price to $0.14. 21Shares becomes the third firm to file for the Dogecoin ETF after Grayscale and Bitwise. The next step is to file a 19b-4 for the fund which will formally begin the approval process with the SEC.
Notably, this move comes on the same day as 21Shares launched a Dogecoin ETP on the SIX Swiss Exchange, in an ‘exclusive partnership’ with the House of Doge. This ETP is notably the first and only one endorsed by the Dogecoin Foundation.
If the SEC approves the ETF, 21Shares and the House of Doge will collaborate again to promote the fund. Coinbase will serve as the custodian for the fund. This development serves as a bullish outlook for the memecoin which could boost its adotion and drive a surge in its price.
Crypto Market Rallies After Trump’s Unexpected Pause
Crypto analyst Kevin Capital pointed out a bullish pattern on DOGE’s chart that could signal a potential rebound. While the recent rally may be tied to macro news, specifically Trump’s decision to pause tariffs for 90 days, Kevin noted that the charts had already been hinting at this move.
The crypto market saw a rebound after Trump’s announcement with Bitcoin juming to as much as 7.7% to $82,967. While Ethereum, Dogecoin, and XRP all surged by more than 12%, Solana shot up by an impressive 14%.
Paul Atkins Now Confirmed
Earlier this year, the firm also filed with the SEC to launch spot ETFs for Polkadot (DOT) and XRP. Bloomberg analyst James Seyffart notes that the surge in crypto ETF filings is like a “spaghetti cannon” with companies trying all kinds of ideas to see what the new SEC leadership might approve.
The Bloomberg analysts believe there’s a 75% chance that a Dogecoin ETF will get approved this year. Last month, the SEC delayed taking actions on Litecoin, Dogecoin, Solana and XRP ETFs since Paul Atkins was not yet confirmed as the SEC Chair.
In a 52-44 vote, the Senate has now confirmed Paul Atkins as the next SEC Chair, with President Trump expected to sign off soon. With Atkins known for his pro-crypto stance, this marks a major shift in crypto and financial regulation under the Trump administration.
