21Shares has officially filed to launch a Dogecoin ETF in the U.S., aiming to bring the popular meme coin to Wall Street.
Application for Dogecoin ETF
21Shares submitted an S-1 registration form with the SEC and is awaiting approval of its 19b-4 filing. The ETF will track the price of DOGE using the CF Dogecoin-Dollar Settlement Price, providing investors with a regulated way to gain exposure to the memecoin without directly holding the asset.
Partnership with House of Doge
Simultaneously with the ETF application, 21Shares launched a Dogecoin ETP on the SIX Swiss Exchange in partnership with the House of Doge. This ETP is notably the first and only one endorsed by the Dogecoin Foundation.
Impact on the Cryptocurrency Market
The development of the ETF could positively affect Dogecoin, potentially increasing its popularity and price. Crypto analyst Kevin Capital pointed out a possible bullish trend on DOGE's chart, which may signal a rebound. Prices of Bitcoin, Ethereum, and other cryptocurrencies also surged in response to recent news.
The launch of the Dogecoin ETF by 21Shares and the collaboration with House of Doge could reshape the cryptocurrency market and foster increased interest in Dogecoin in the future.
