21Shares Reveals New ETF Details: Here’s How They’re Supercharging the Dogecoin Market

Forget the memes—Dogecoin just got a serious institutional upgrade. 21Shares, a heavyweight in the crypto ETP space, has pulled back the curtain on its latest exchange-traded fund strategy, and it's squarely aimed at bringing DOGE to the mainstream portfolio.

The Blueprint for a Doge Invasion

The filing details a structured approach to capturing Dogecoin's value, bypassing the technical hurdles of direct custody. It's a classic Wall Street move: repackage the asset, slap a ticker on it, and open the floodgates for capital that was too skittish to touch a 'joke' coin directly. Suddenly, your average financial advisor has a compliant path to exposure—no crypto wallet required.

Why This Isn't Just Another Product Launch

This move does more than just add another line to 21Shares' product sheet. It legitimizes. It provides a regulated, familiar vehicle for a notoriously volatile asset, effectively cutting through the noise and skepticism that has long surrounded Dogecoin. The signal to the market is clear: this asset class is maturing, and even its most playful members are getting a seat at the big table.

The real genius—or perhaps the cynical finance jab—is in the packaging. They've essentially taken a digital asset born from an internet meme and dressed it in the sober suit of an ETF, proving once again that in finance, you can sell anything with the right paperwork and a perceived stamp of approval. The market's response will show if investors are buying the asset or just the story.

21Shares has announced critical updates for its Dogecoin$0.145803 ETF in its fifth amendment submitted to the U.S. Securities and Exchange Commission (SEC). The ETF, expected to trade on Nasdaq under the ticker TDOG, coincides with similar launches by Grayscale and Bitwise, propelling Dogecoin’s price upwards by over 11%.

Fee and Custody Insights for 21Shares Dogecoin ETF

According to the official file presented to the SEC, 21Shares set the management fee for the dogecoin ETF at 0.50%. This fee will accumulate daily and be paid in Dogecoin weekly. While no fee waiver has been disclosed yet, 21Shares is expected to clarify this aspect before the launch. The application maintains a “delaying amendment” clause to proceed under section 8(a).

The file details reveal that Bank of New York Mellon will serve as the ETF’s administrator, cash custodian, and transfer agent. Additional custodians include Anchorage Digital Bank and BitGo. Wilmington Trust NA will act as the trustee, Foreside Global Services as the marketing agent, and Cohen & Company as the auditing firm. 21Shares US LLC will manage the ETF, which plans to enter the market with an initial capital of $1.5 million to purchase Doge coins.

Significant Price Surge in DOGE Coin

Following the ETF announcement, DOGE coin witnessed a 11.4% increase in the last 24 hours, reaching $0.15. The daily trading volume ROSE by 32%, reflecting renewed investor interest. Though the price remained below the 50 and 200-day moving averages, breaking above the trend line supported the bullish outlook. The Relative Strength Index (RSI) climbed to 45.19, indicating further upward potential.

Dogecoin Chart

CoinGlass data shows that open positions in Dogecoin futures rose by 8% to $1.5 billion in the past 24 hours. Open interest rates also increased by 1.5% on Binance, 1.64% on OKX, and 1.26% on Bybit, painting an optimistic picture for derivatives in the market. Moreover, TDOG is expected to start trading alongside Grayscale’s GDOG and Bitwise’s BWOW ETFs this month, potentially boosting institutional interest in DOGE.