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Title: 21Shares Files for SEC Approval to Launch Spot Dogecoin ETF
Zurich-based digital asset manager 21Shares has recently filed with the US Securities and Exchange Commission (SEC) in order to launch a spot Dogecoin ETF. The proposed fund would track the performance of Dogecoin, which is currently priced at $0.156.
In its official filing, 21Shares named Coinbase Custody as the proposed custodian for the fund. More specific details regarding the ETF’s ticker symbol, fees, and listing exchange remain undisclosed for now.
It is worth noting that this is not the first attempt by a crypto asset manager to launch a spot Dogecoin ETF. Other companies like Bitwise and Grayscale have made similar attempts in the past. 21Shares has also filed for the approval of a spot Polkadot ETF, as well as a spot XRP ETF with the SEC.
The chances of the SEC approving a spot Dogecoin ETF appear to be supported by market predictions. According to Polymarket, a betting platform that allows users to place bets on future events, there is currently a 64% chance that approval will occur in 2025. Prior to this, Bloomberg analysts Eric Balchunas and James Seyffart had predicted an even higher likelihood of approval, forecasting a 75% probability.
This growing optimism in the crypto sector has been fueled by the increasing institutional interest in cryptocurrency-based exchange-traded funds outside of Bitcoin and Ethereum.
Source: https://cryptopotato.com/21shares-files-for-sec-approval-to-launch-spot-dogecoin-etf/
