Swiss crypto asset manager 21Shares is looking to bring Dogecoin (DOGE) to the U.S. ETF market.
The firm filed a Form S-1 with the Securities and Exchange Commission (SEC) aiming to launch a spot Dogecoin exchange-traded fund (ETF) that would give investors exposure to the meme-based cryptocurrency through traditional financial channels, according to a press release.
The proposed ETF, dubbed the 21Shares Dogecoin ETF, would follow the CF Dogecoin-Dollar Settlement Price (DOGEUSD_RR), a benchmark rate provided by CF Benchmarks.
Before shares can trade on a national exchange, the fund must clear two regulatory hurdles: the SEC must declare the S-1 registration effective, and separately, approve a Form 19b-4 filing that allows the ETF to list. That form appears to now yet have been filed.
If approved, the Dogecoin ETF would add to 21Shares’ growing roster of crypto investment products, which already includes filings tied to Solana, Polkadot, and XRP.
The firm was behind the world’s first physically backed crypto exchange-traded product (ETP) in 2018, and has been expanding its U.S. president through these recent filings, although in Europe it has a number of crypto ETPs already being traded.
Dogecoin Price Rises
The price of the meme-inspired cryptocurrency has risen around 6.82% over the last 24-hour period to now stand at $0.156 per token, although it’s unclear whether the rise is related to 21Shares’ filing.
The wider cryptocurrency market has seen a rise over the past day after U.S. President Donald Trump announced a 90-day pause on the reciprocal tariffs for countries that hadn’t retaliated against them, meaning only those against China and Canada were maintained.
Trump’s reciprocal tariff pause opens the path for negotiations and saw risk asset prices soar, allowing BTC to break through the $80,000 mark in the rise.
