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In a significant move for meme coin enthusiasts and institutional investors alike, asset manager 21Shares has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch a Dogecoin ETF. This makes 21Shares the third asset manager, alongside Grayscale and Bitwise, to seek approval for a fund tracking the original meme cryptocurrency.
The ETF proposal arrives at a pivotal time for Dogecoin. After suffering a sharp sell-off that dragged its price down to $0.14, DOGE is now showing signs of recovery. The ETF news has injected fresh optimism into the market, potentially laying the groundwork for broader adoption and institutional inflows.
The filing was made the same day 21Shares launched its Dogecoin ETP on Switzerland’s SIX Swiss Exchange, in collaboration with the House of Doge, the corporate arm of the Dogecoin Foundation. Should the SEC grant approval, House of Doge is expected to play a key role in marketing the U.S.-based ETF.
Coinbase, one of the largest U.S. crypto exchanges, will serve as the custodian for the Trust, holding the DOGE on behalf of shareholders. The ETF is designed to offer direct exposure to Dogecoin, opening doors for traditional investors who prefer regulated financial instruments over direct crypto ownership.
Adding to the bullish sentiment, crypto analyst Kevin Capital noted a daily bullish divergence forming on Dogecoin’s chart. While macroeconomic developments—such as Donald Trump’s decision to suspend reciprocal tariffs for 90 days—have boosted risk assets across the board, technical signals on DOGE were already hinting at a potential rally.
Yet, the question remains: Is this the beginning of a sustained breakout or a classic bear trap? Analyst Master Kebobi is betting on the former, suggesting that DOGE may be on track to hit the elusive $1 mark in the coming months.
Also Read: Ethereum Whale Dumps $15.7M in ETH: Is a Deeper Correction Ahead?
As regulatory clarity grows and institutional interest deepens, Dogecoin’s future could finally move from meme status to mainstream.
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.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
