21Shares DOGE ETF Listed on DTCC as Experts Predict Dogecoin Rally Toward $1

Sean Williams
Dogecoin (DOGE)

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  • 21Shares DOGE ETF listed on DTCC, pending SEC approval.
  • Institutional players expand Dogecoin treasuries.
  • Analysts see potential for a $1 DOGE rally.

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The race to bring meme coins into traditional finance has taken another step forward. The 21Shares Dogecoin ETF (ticker: TDOG) has been listed on the Depository Trust & Clearing Corporation (DTCC) website, a key move that indicates preparations are in motion ahead of a potential launch.

Source: DTCC

DTCC Listing Marks Early Progress

The DTCC listing is a procedural step, not a green light from regulators. The U.S. Securities and Exchange Commission (SEC) must still evaluate the fund’s compliance, which includes public comment periods and detailed reviews. Approval timelines remain uncertain, as the SEC has historically taken a cautious stance on crypto ETFs.

If approved, the ETF would directly hold Dogecoin, with Coinbase Custody Trust managing the assets. The product is backed by 21Shares US LLC, part of 21co Holdings Limited. Its structure mirrors earlier spot crypto ETFs, offering investors straightforward access to Dogecoin without needing to buy and store the token themselves.

Growing Institutional Interest in Dogecoin

This listing follows the recent debut of REX-Osprey’s Dogecoin ETF, the first U.S.-listed fund tied to the meme coin. Meanwhile, Bitwise’s DOGE ETF application remains under SEC review, with a final decision not expected until late 2025 or early 2026.

Institutional players are also showing increasing confidence in Dogecoin. CleanCore Solutions recently expanded its treasury with an additional 100 million DOGE, raising its holdings above 600 million tokens—valued at over $160 million. Separately, a company linked to Elon Musk’s attorney, Alex Spiro, is reportedly raising $200 million to establish a dedicated Dogecoin treasury.

Also Read: Dogecoin Rallies on $2M Buy and First U.S. ETF

Analysts Forecast Potential Rally

Market analysts see the latest developments as fuel for a bullish move. Ali Martinez, a well-followed crypto strategist, highlighted a buy signal flashing on Dogecoin’s technical charts. Another analyst, Mags, suggested that DOGE may be entering a “final bullish retest” that could push prices toward the long-watched $1 level.

The DTCC listing of the 21Shares Dogecoin ETF is not yet regulatory approval, but it represents meaningful progress. With institutional adoption growing and analysts pointing to bullish signals, Dogecoin could be gearing up for a breakout if the ETF receives the green light.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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