21Shares seeks SEC approval for spot Dogecoin ETF

21Shares submitted a proposal to the United States Securities and Exchange Commission for a negotiated stock exchange linked to Dogecoin.

On April 9, the company depositd A declaration of registration of the S-1 form with the SEC, describing the plans for the 21Shares Dogecoin ETF. The fund will follow the Dogecoin price (DOGE) Use of the American settlement price index CF DOGE-DOLLAR as a reference, with the custody of Coinbase named a proposed goalkeeper.

ETF is designed as a passive investment vehicle, which means that it will not use the lever or derivative effect. Instead, it will hold the actual Dogecoin and calculate its daily reference value (NAV) as a function of the reference index.

The trust will not actively negotiate Doge, except during the creations and acquisitions of action or to cover certain costs.

In addition, to strengthen awareness and community commitment, 21Shares brought House of Doge, the company branch of the Dogecoin Foundation, to support marketing, brand image and strategic positioning of the ETF within the wider Dogecoin ecosystem.

This dry moves cement which quickly becomes a multi-font Dogecoin strategy between 21Shares and House of Doge. Just a day earlier, the asset manager announced the world’s leading ETP of Dogecoin on the six Swiss exchanges in Switzerland under the “Doge” ticker.

21Shares President Duncan Moir said that the ETP would give investors a regulated instrument to engage with what he called a “cultural and financial movement”.

In recent months, the SEC has received requests for an ETF DOGE of three other transmitters, namely gray levels, bias and Sharing rex.

The Graycale form of form 19b-4 was recognized By the committee of February 13, triggering a 240 -day exam period to assess the change of rule proposed to register the ETF. During this time, laid His own proposal 19B-4 via Nyse Arca on March 3.

According to the Paris Polymarket platform, there is currently a 64% luck that an ETF Spot Dogecoin will be approved this year.