21Shares is preparing to launch its spot Dogecoin ETF after submitting its final prospectus to the U.S. Securities and Exchange Commission. The filing, made under Form 424B3, allows the fund to move toward trading as early as this week following regulatory effectiveness.
The ETF has been approved to list on Nasdaq under the ticker TDOG, making it the third spot Dogecoin ETF to enter the market. Previous launches from Grayscale and Bitwise have already opened the door for regulated DOGE exposure, and the addition of 21Shares further strengthens Dogecoin’s presence in traditional financial markets.
The 21Shares Dogecoin ETF comes with a 0.50% management fee, calculated on a daily basis and paid weekly in DOGE. The fund tracks the spot price of Dogecoin using the CF Dogecoin–Dollar US Settlement Price Index, a benchmark commonly used for institutional-grade crypto products.
From an operational standpoint, The Bank of New York Mellon will serve as administrator, cash custodian, and transfer agent. Digital asset custody will be handled by Coinbase Custody Trust, Anchorage Digital Bank, and BitGo, providing institutional-level security and compliance.
Dogecoin has shown a modest positive reaction to the ETF news, trading around $0.14 after seeing a pickup in daily trading volume. While short-term price action remains cautious, market participants are increasingly focused on whether expanding ETF access could support a move toward the $0.20 level if broader sentiment improves.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
