21Shares and House of Doge Partner to Launch Dogecoin ETF in Bid for Mainstream Adoption

Asset management firm 21Shares has taken a significant step toward bringing Dogecoin (DOGE) further into the realm of mainstream finance by filing for a Dogecoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The proposed ETF, backed by the Dogecoin Foundation’s corporate arm, House of Doge, aims to provide investors with direct exposure to DOGE’s price movements. If approved, this could mark a pivotal moment for the meme-inspired cryptocurrency, reinforcing its legitimacy in traditional financial markets.

21Shares Applies for Dogecoin ETF Backed by House of Doge

Asset manager 21Shares has submitted an S-1 registration statement to the Securities and Exchange Commission for a Dogecoin exchange-traded fund in the U.S. If approved, the fund will offer investors direct exposure to Dogecoin’s price movements. The Dogecoin Foundation’s corporate arm, House of DOGE, plans to market the fund with the aim of reinforcing the token’s role in mainstream finance.

House of Doge, 21Shares Partner to Launch Dogecoin ETPs Globally

House of Doge, the official corporate arm of the Dogecoin Foundation, has announced a partnership with 21Shares to launch officially endorsed Dogecoin (DOGE) exchange-traded products (ETPs). As part of the agreement, 21Shares has filed a Form S-1 with the US Securities and Exchange Commission to create a Dogecoin ETF for the US market. This marks a significant milestone in Dogecoin’s evolution from a meme to a legitimate financial asset. If approved, it would be the first registered Dogecoin ETF in the US, enabling institutional and retail investors to gain regulated exposure.

21shares Files for Dogecoin ETF

Swiss-based 21shares, a $7 billion crypto exchange-traded fund (ETF) management firm, has filed for a spot Dogecoin ETF with the U.S. Securities and Exchange Commission (SEC). The firm also announced a collaboration with the Dogecoin Foundation’s corporate arm, the House of Doge, on the same day. Grayscale and Bitwise, competitors to 21shares, already submitted spot Dogecoin ETF filings to the SEC in February and March, respectively, but the Swiss manager may have an advantage given its exclusive partnership with the House of Doge.