21Shares has officially announced the launch of its spot Dogecoin ETF, which received approval from the U.S. Securities and Exchange Commission (SEC). The new fund, trading under the ticker TDOG on Nasdaq, will join existing Dogecoin ETFs such as Grayscale’s GDOG and Bitwise’s BWOW. This move further strengthens institutional exposure to DOGE and contributes to the token’s growing market traction.
ETF Backed by Real DOGE Set to Launch
21Shares filed its official prospectus through Form 424B3 with the SEC, receiving the green light to move forward with the ETF launch this week. The fund will offer direct exposure to the spot price of Dogecoin, tracking the CF Dogecoin-Dollar US Settlement Price Index.
The management fee is set at 0.50%, accrued daily and payable weekly in DOGE. The issuer has not announced any fee waivers or promotional discounts.
Key Partners and Fund Infrastructure
The fund will be operated in partnership with established financial entities. Bank of New York Mellon will act as the administrator, cash custodian, and transfer agent, while Coinbase Custody Trust, Anchorage Digital Bank, and BitGo will serve as crypto custodians holding the actual DOGE tokens.
Market Response: DOGE Sees Modest Gain
The news triggered a mild rally in Dogecoin’s price, which climbed by over 1% in the last 24 hours to trade around $0.140. The 24-hour low stood at $0.135, while the high reached $0.142. Meanwhile, trading volume surged by 111%, signaling heightened trader interest.
According to technical indicators, DOGE remains above the 50-day moving average (50-MA) at $0.138. The Relative Strength Index (RSI) sits at 52.96, suggesting a slightly bullish sentiment.
In the derivatives market, sentiment remains mixed. The total open interest in DOGE futures rose to $1.80 billion in the last four hours. Positions increased by 0.05% on Binance and 4.20% on OKX, while Bybit and Gate saw declines of 1% and nearly 3%, respectively.
#DOGE , #Dogecoin , #memecoin , #21Shares , #etf
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