The Digital Asset Manager 21shares filed with the US Securities and Exchange Commission to launch a funds exchanged by the Dogecoin Exchange, following similar filing from rivals Bitwise and Grayscale.
21shares Dogecoin ETF sought to monitor the price of Memecoin Dogecoin (Doge) According to In the April 9 registration statement of the Firm Form S-1. The Corporate arm of the Dogecoin Foundation, House of Doge, is planning to assist 21shares in funding marketing.
21shares said Coinbase custody is the proposed career of its its its Dogecoin etf But a fee, ticker or what stock exchange is not specified.
Source: James Seyffart
The 21shares must also file a 19B-4 SEC filing to kick the regulator’s approval process for the fund.
Doge is currently there $ 24.2 Billion Market Cap and the eighth largest cryptocurrency by value. It was created in 2013 as a joke and a fork of lucky coins, which itself was a fork of Bitcoin.
The Suggested Dogecoin ETF of 21shares is the company’s latest efforts to expand Crypto ETF offerings, currently included only in a Bitcoin area (Btc) and ether (Eth) fund.
The Issuer also filed in the SEC in February to launch a Polkadot area (Dot) ETF and last year, it has filed to create a place XRP (XRP) Etf.
Related: Dogecoin’s millionaires buy dips as the Eyes of Doge 30% rally
Recently climbing Crypto Filing ETF reflects a “spaghetti cannon approach” from trials reviewing which products the products New SEC leadership It may be approved, Bloomberg ETF analyst James Seyffart said in February.
“Issues will try to launch many different things and see what the sticks are,” Seyffart said.
Seyffart and fellow Bloomberg ETF analyst Eric Balchunas said in February there is a 75% chance That the SEC approves a Dogecoin ETF area this year, while the polymarket betting platform present Provides The odds of approval of 64%.
21shares and House of Doge Partner for Doge Funds in Switzerland
21shares din Says On April 9 it cooperated Doge’s house To launch a fully-backed Dogecoin exchange product Six switzerland exchanges of Switzerland.
The 21shares Dogecoin product is a merchant under the “Doge” ticker with a 2.5% fee.
21shares president Duncan Moir said the Dogecoin “has become more than a cryptocurrency: it represents a cultural and financial movement that continues to push the main adoption, and the Doge has offered investors a regulated avenue to be part of the Kapana -exciting project.”
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