2025-04-10
On April 9,
2025, 21Shares, a leading cryptocurrency exchange-traded product (ETP)
provider, filed a Form S-1 registration statement with the U.S. Securities and
Exchange Commission (SEC) to launch a spot Dogecoin exchange-traded fund (ETF)
called 21Shares Dogecoin ETF.
This ETF aims to track the performance
of Dogecoin (DOGE) and, upon approval, would provide investors with regulated
exposure to the cryptocurrency. Coinbase Custody is proposed as the custodian
for the ETF's assets.
Simultaneously, 21Shares announced an
exclusive partnership with the House of Doge, the corporate arm of the Dogecoin
Foundation, to introduce a fully backed Dogecoin ETP on Switzerland's SIX Swiss
Exchange.
Trading under the ticker
"DOGE" with a management fee of 2.5%, this ETP offers European
investors a regulated avenue to gain exposure to Dogecoin. Duncan Moir,
President of 21Shares, emphasized that Dogecoin has evolved into a cultural and
financial movement, and this product aims to provide investors with direct
access to its ecosystem.
The filing follows other filings from
firms that want to issue altcoin-based ETFs. In January, Bitwise filed
an S-1 registration with the SEC for a Dogecoin ETF.
These initiatives by 21Shares reflect
the growing institutional interest in Dogecoin and signify a notable step
toward integrating the cryptocurrency into mainstream financial products.
