The prospect of a Dogecoin exchange-traded fund (ETF) lastly making its method into the US monetary markets has taken a significant step ahead and now feels extra practical than ever. This recent optimism stems from a big regulatory replace: the U.S. Securities and Alternate Fee (SEC) has formally acknowledged the 21Shares submitting for a Dogecoin ETF, marking the start of a proper overview course of.
SEC Acknowledges NASDAQ’s Submitting To Checklist And Commerce Shares of 21Shares’ Dogecoin ETF
The SEC’s acknowledgment of 21Shares’ DOGE ETF submitting alerts the beginning of an official overview course of. On Might 13, 2025, the Fee revealed a discover confirming that Nasdaq’s request to record the 21Shares Dogecoin ETF had been obtained, successfully placing the proposal on the general public docket.
Nonetheless, you will need to notice that this step doesn’t equate to an approval. As a substitute, it initiates a interval of scrutiny and public remark that may lengthen as much as 240 days earlier than a remaining resolution is due. In actual fact, the SEC’s final deadline for the 21Shares Dogecoin ETF could be January 9, 2026, if all extensions are utilized. However for now, the acknowledgment locks in a timeline and affirms that the company is actively contemplating the DOGE fund thought.
21Shares, a Switzerland-based asset supervisor, filed its preliminary registration for a spot Dogecoin ETF on April 9. The agency partnered with the Dogecoin Basis’s company arm, often called Home of Doge, to assist promote the fund. In accordance with the submitting, the proposed ETF is designed as a passive belief holding precise DOGE tokens, monitoring a benchmark index of the meme coin’s worth with out utilizing leverage or derivatives. Moreover, Coinbase Custody Belief was introduced on because the custodian for the fund’s DOGE holdings, in all probability to focus on institutional and retail brokerage channels.
DOGE ETF Race Heats Up. Now Nearer Than Ever
The overview of the Dogecoin ETF comes at a time when the SEC’s stance on crypto merchandise is shifting. Underneath the brand new management of SEC Chair Paul Atkins, the company has proven indicators of a extra open method towards cryptocurrency investments. The present administration in Washington has been described as extra crypto-friendly than its predecessor, and the SEC has lately taken steps like dismissing circumstances in opposition to crypto firms and fascinating in crypto-focused discussions with trade stakeholders. This backdrop of a softer regulatory outlook provides the DOGE ETF bid a preventing likelihood which may not have existed simply a few years in the past.
Along with 21Shares, a number of different asset administration corporations have filed functions to launch Dogecoin ETFs in the US. Bitwise Asset Administration submitted its software for a spot Dogecoin ETF on January 28, 2025, with NYSE Arca proposing to record the fund. REX Shares, in partnership with Osprey Funds, filed for a Dogecoin ETF in January 2025. Their software is amongst completely different memecoins, together with merchandise linked to the $TRUMP token and BONK.Â
As of mid-Might 2025, the SEC is reviewing DOGE ETF functions from 21Shares, Bitwise, Grayscale, and the REX-Osprey partnership. Business analysts estimate a 63% to 75% likelihood of approval for these ETFs this yr.
Featured picture from Pixabay, chart from Tradingview.com
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