According to Investing.com, 21Shares, a Swiss-based digital asset manager, has recently filed a proposal with the United States Securities and Exchange Commission. The filing stated that it wants to launch a spot Dogecoin ETF.
21Shares officially submitted its form on April 9 2025, after a similar filing from its competitors. This means that they want to bring the popular memecoin into the regulated investment space. Dogecoin was started as a joke in 2013, but now it has grown and is worth $24 billion.
According to Bloomberg analysts James Seyffart and Eric Balchunas, there is positive sentiment of 75% that the SEC will approve a spot Dogecoin ETF this year. Whereas the Polymarket remains down at 64% chance.
21Shares Enters the Dogecoin Arena
Crypto asset manager 21Shares has officially submitted a registration statement to the Securities and Exchange Commission (SEC) for launching a spot Dogecoin ETF, which is a major step toward bringing the popular meme coin into the traditional financial system.
As per the Form S-1 submitted on April 9, its main goal is to track the price of Dogecoin (DOGE), which was valued at $0.1577 at the time of application.
This new ETF proposal follows previous similar applications by Bitwise in January and Grayscale; it shows that interest is growing among the major asset managers to provide direct crypto exposure to both retail and institutional investors.
House of Doge Joins the Push
21Share is collaborating and working with the Dogecoin Foundation’s corporate arm, House of Dive, to develop and support the Dogecoin ETF.
Though the company has not yet shared its important details, like the ETF’s ticker symbol, fees, or which stock exchange it will be listed on, are still not known, but the company has confirmed that Coinbase Custody will be responsible for holding funds of Dogecoin assets safely.
Submitting the Form S-1 is just the first step. 21Shares must still file Form 19b-4; this form will officially start the SEC’s review process. This step has been important and challenging for many crypto-related proposals in the past.
International Expansion
On April 9, 21Shares also revealed that along with its U.S. ETF push, it has also made a partnership with the House of Doge to launch fully-backed Dogecoin exchange-traded products(ETP) on Switzerland’s SIX Swiss Exchange. It will be trading under the ticker “DOGE”; the management fees for this ETP will be 2.5%, and it is already accessible for investors across Europe.
21Shares President Duncan Moir said that Dogecoin has now become more than just a Cryptocurrency: it represents a cultural and financial movement that helps to drive mainstream adoption. He added that DOGE provided investors with a regulated avenue to be part of this amazing project, which shows the growing influence of coins.
Conclusion
21Shares has taken big steps to launch the spot Dogecoin ETF in the U.S. This could bring the popular meme coin into traditional investing. The proposal is getting attention with the support of House of Doge and Coinbase custody and growing investor interest. Now, everyone is waiting to see if the SEC will give it permission for a spot Dogecoin ETF.
FAQs
1. Which other companies applied for the ETF proposal?
Bitwise and Grayscale had also filed a proposal with the SEC regarding the ETF launch.
2. Will the SEC approve the spot Dogecoin ETF?
The Bloomberg experts are positive by stating 75%, on other hand Polymarket predict 64% chance of SEC approval.
3. With whom is 21Shares partnering?
21Shares is partnering with House of Doge
Glossary
21Shares – A Swiss company that offers crypto investment products.
Dogecoin (DOGE) – A popular meme coin launched in 2013
Spot Dogecoin ETF – An ETF that directly holds the actual asset.
Polymarket – A platform where people predict outcomes
Sources
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