Dogecoin may soon make its debut on Wall Street. 21Shares has officially filed to launch a Dogecoin Exchange-Traded Fund (ETF) in the U.S., aiming to bring the internet’s favorite meme coin into traditional finance.
It’s a bold move — and one that could change how investors view meme coins altogether. With the SEC now under crypto-friendly leadership, the timing couldn’t be more interesting.
Here’s what’s happening, why it matters, and how it could shape the future of Dogecoin.
The company submitted an S-1 registration form to the U.S. Securities and Exchange Commission (SEC) and is now waiting for approval of its 19b-4 filing — both are required before the ETF can begin trading.
The proposed fund will track the price of Dogecoin using the CF Dogecoin-Dollar Settlement Price, offering investors a simple, regulated way to gain exposure to DOGE without needing to own the token directly.
This filing comes as Dogecoin rebounds from a recent drop that pushed its price down to $0.14. 21Shares is now the third company to file for a Dogecoin ETF, following similar moves by Grayscale and Bitwise. Filing the 19b-4 form marks the official start of the SEC’s approval process.
Interestingly, 21Shares also launched a Dogecoin Exchange-Traded Product (ETP) on the same day — this one on the SIX Swiss Exchange. The product was created in partnership with the House of Doge and is the first and only Dogecoin ETP officially backed by the Dogecoin Foundation.
If the SEC approves the ETF, 21Shares and the House of Doge plan to collaborate again to promote the fund. Coinbase will act as the custodian, adding a layer of institutional support. This development could boost Dogecoin’s visibility and adoption, potentially driving its price higher.
Crypto analyst Kevin Capital noted a bullish pattern forming on Dogecoin’s chart, suggesting a possible recovery. While some of the recent gains may be tied to broader news — especially Trump’s decision to pause tariffs for 90 days — Kevin pointed out that chart indicators were already showing signs of a move.
Following Trump’s announcement, the overall crypto market rallied. Bitcoin rose by 7.7% to $82,967. Ethereum, Dogecoin, and XRP each jumped more than 12%, while Solana led the way with a 14% surge.
21Shares Expands ETF Ambitions with DOT and XRP
This isn’t 21Shares’ only ETF move. Earlier this year, the firm filed to launch spot ETFs for both Polkadot (DOT) and XRP. Bloomberg analyst James Seyffart compared the flood of new filings to a “spaghetti cannon,” with companies testing different ideas to see what the SEC’s new leadership will approve.
Bloomberg analysts estimate a 75% chance that a Dogecoin ETF will be approved this year. Last month, the SEC delayed decisions on several ETF applications — including those for Litecoin, Dogecoin, Solana, and XRP — while waiting for Paul Atkins to be confirmed as the new SEC Chair.
That confirmation is now complete. The Senate approved Atkins in a 52-44 vote, and President Trump is expected to sign off soon. Known for his crypto-friendly views, Atkins’ appointment signals a major shift in how the SEC may approach digital asset regulation going forward.
As ETFs pile up and crypto-friendly leaders take the helm, even the most unlikely coins are getting their shot at legitimacy.
Coinbase will serve as the custodian, safely holding the Dogecoin for the ETF. 21Shares and the House of Doge will jointly promote the fund once approved.
Bloomberg analysts say there’s a 75% chance, especially with new SEC Chair Paul Atkins being pro-crypto and more ETF momentum building.
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