21Shares Submits Spot Dogecoin ETF Proposal to the SEC — Will It Get Approved?

Jakarta, Pintu News – Asset manager 21Shares recently applied with the US Securities and Exchange Commission (SEC) to offer a Dogecoin (DOGE) ETF. The move comes as the price of Dogecoin (DOGE) is recovering after falling as low as $0.14.

Check out the full news below!

Dogecoin ETF Filing by 21Shares

21Shares has filed an S-1 form for its Dogecoin (DOGE) ETF with the SEC. With this, 21Shares becomes the third asset manager to file for a Dogecoin (DOGE) ETF, joining Grayscale and Bitwise.

The next step is filing a Form 19b-4 through the exchange, which will start the process towards potential approval from the Commission. This filing coincides with 21shares’s launch of the Dogecoin (DOGE) Exchange-Listed Product (ETP) on the SIX Swiss Stock Exchange in partnership with House of Doge.

If the SEC approves this ETF, the House of Doge, the corporate arm of the Dogecoin Foundation, will collaborate again on the fund’s marketing.

Read also: Ethereum ETF Trading Options Approved by SEC, What’s Next?

Coinbase’s involvement as Trustee

Coinbase, one of the leading crypto exchanges, will act as the trustee for this ETF. The ETF will hold Dogecoin (DOGE) and provide an avenue for institutional investors to gain exposure to this top meme coin.

The presence of Coinbase as custodian of the trust adds credibility and security to this ETF, giving investors more confidence to invest in Dogecoin (DOGE). It also signals a big step for adopting Dogecoin (DOGE) among broader and institutional investors.

Read also: Critical Solana Price Moment in April 2025: Will it Reach a Peak?

Technical Analysis and Macro News Impact

According to crypto analyst Kevin Capital, a bullish divergence on the Dogecoin (DOGE) daily chart is starting to show. This is largely triggered by macro news, although the chart already showed this possibility earlier.

The macro news in question was Donald Trump’s decision to halt reciprocal tariffs for 90 days, which had a positive impact on Dogecoin (DOGE) and the crypto market more broadly. However, it remains to be seen whether this will be a bullish reversal or just a bear trap.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. 21Shares Files for Spot Dogecoin ETF with US SEC. Accessed on April 10, 2025
• Featured Image: Coinpedia