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As part of its proposal, Coinbase Custody has been selected as the official custodian, ensuring secure asset management for the ETF’s Dogecoin holdings. This choice signals growing legitimacy for DOGE among institutional investors, who have long sought structured investment vehicles outside of traditional crypto exchanges. The market responded swiftly to the announcement, with Dogecoin’s price surging between 8-12% in the hours following the filing.
The move has ignited discussions about broader acceptance of altcoins in regulated investment products, with analysts predicting potential follow-ups from other crypto asset managers.
Source: https://crypto-economy.com/21shares-submits-dogecoin-etf-application-backed-by-coinbase-custody/
