21Shares Files for Spot Dogecoin ETF, Aligns with Dogecoin Foundation
21Shares has become the latest asset manager to enter the spot Dogecoin ETF race in the U.S., joining Grayscale and Bitwise in seeking regulatory approval for a DOGE-backed fund.
The Swiss crypto investment firm filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) on Thursday. Coinbase will act as custodian alongside 21Shares. Details such as the fund’s ticker, fees, and listing exchange remain unspecified. The exchange partner will need to submit a 19b-4 filing to the SEC to begin the official review process.
In a notable addition, 21Shares is partnering with House of Doge—the commercial affiliate of the Dogecoin Foundation—to assist in marketing the proposed ETF.
If approved, the fund would be the first U.S. ETF tied to a meme coin. Despite its humorous origins, Dogecoin has become a serious player in crypto, currently holding a market cap of $23 billion and ranking ninth among all cryptocurrencies.
Dogecoin’s cultural reach also extends into government branding, inspiring the name of the Department of Government Efficiency (DOGE), a Musk-led initiative announced earlier this year.
