Dogecoin Surges 8% as 21Shares DOGE ETF Hype Ignites Market Frenzy

Meme coin goes institutional—because nothing says 'serious investment' like a Shiba Inu-themed ETF.

Dogecoin bulls are barking louder today as 21Shares' ETF update sends prices soaring. The 8% pump proves once again that crypto markets move faster than a Elon Musk tweetstorm.

Wall Street's latest attempt to 'legitimize' crypto? Packaging internet jokes as financial products. Meanwhile, traders are buying the rumor—as always.

Dogecoin Price today jumped 8% as new institutional money flowed into the market, marking one of its strongest moves in weeks. Trading volume surged to $1.37 billion, well above normal levels, showing renewed interest from larger investors. 

DOGE price also broke through key resistance levels with momentum indicators supporting the rise. This rally comes as the broader meme-coin sector strengthens, driven by growing excitement around upcoming Doge ETF developments.

21Shares Updates Its Dogecoin ETF Filing

Adding to the excitement, 21Shares has updated its Dogecoin ETF application with the U.S. SEC. The new filing reveals important details as the company prepares to launch its spot Dogecoin ETF, joining Grayscale’s GDOG and Bitwise’s BWOW. Progress on the TDOG ETF has increased confidence that Dogecoin could soon gain another major path for institutional investment.

What’s New in the Filing?

The updated filing states that the ETF will have a 0.50% management fee, calculated daily and paid weekly in Dogecoin. Although no fee waivers have been announced yet, they are expected closer to launch.
21Shares also confirmed its service partners:

• The Bank of New York Mellon – administration, cash custody, and transfer services
  
• Anchorage Digital Bank & BitGo – additional custodians
  
• Wilmington Trust NA – trustee
  
• Foreside Global Services – marketing
  
• Cohen & Company – accounting
  

Once approved, the ETF will trade on Nasdaq under the ticker TDOG. It will track dogecoin using the CF Dogecoin-Dollar US Settlement Price Index. Previous filings also showed that 21Shares US LLC will seed the ETF with $1.5 million to purchase DOGE before it begins trading, giving it strong initial support.

DOGE Price Reacts Immediately

The updated filing helped lift market sentiment. DOGE surged more than 11% in the past 24 hours, pushing the price above $0.15. Trading volume ROSE 32%, showing strong interest from both retail and institutional traders. While DOGE is still below its 50-day and 200-day moving averages, its breakout above the trendline and a rising RSI around 45 suggest potential for further gains.

Momentum also grew in the derivatives market. Dogecoin futures open interest increased more than 8% to $1.5 billion in the past day. Binance, OKX, and Bybit all reported rising open interest, showing that traders are positioning for more upside as the TDOG ETF moves closer to approval.