21Shares Joins DOGE ETF Race, Partnering with Dogecoin Foundation
The push to launch a spot Dogecoin (DOGE) ETF in the U.S. continues to build momentum as 21Shares becomes the latest asset manager to join the race, alongside Grayscale and Bitwise.
Switzerland-based 21Shares submitted its initial S-1 filing with the U.S. Securities and Exchange Commission (SEC) on Thursday, officially signaling its intention to bring a DOGE-backed exchange-traded fund to market.
The proposed ETF would be jointly custodied by 21Shares and Coinbase. While details such as the fund’s ticker symbol, management fee, and the listing exchange have not yet been disclosed, any chosen exchange will need to file a 19b-4 form with the SEC to initiate the formal review process and trigger a regulatory deadline.
As part of its filing, 21Shares announced a strategic partnership with the Dogecoin Foundation’s corporate affiliate, House of Doge, which will assist in promoting and marketing the fund.
If approved, the DOGE ETF would mark a historic milestone as the first U.S.-listed ETF tracking a meme coin—a category of cryptocurrencies originally created in jest but which have since garnered significant community and investor attention. Dogecoin, in particular, has become a cultural icon, even inspiring the naming of the federal Department of Government Efficiency (DOGE), led by Elon Musk.
Dogecoin currently ranks as the ninth-largest cryptocurrency by market capitalization, with a total market value of approximately $23 billion.
