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21Shares Files Spot Dogecoin ETF Application With SEC
In a recent development, 21Shares has submitted a Form S-1 filing to the US Securities and Exchange Commission (SEC) for a spot Dogecoin ETF. This move aims to launch a fund that directly tracks the price of Dogecoin (DOGE). The application follows similar filings from other companies like Bitwise and Grayscale.
The proposed ETF would be backed by physical holdings of the token, with Coinbase Custody serving as the proposed custodian. Despite this development, it is essential to note that the SEC has not approved any spot Dogecoin ETF in the US, having instead focused on Bitcoin and Ether products.
Source: https://coinchapter.com/21shares-files-spot-dogecoin-etf-application-with-sec/?utm_source=rss&utm_medium=rss&utm_campaign=21shares-files-spot-dogecoin-etf-application-with-sec
