DOGE’s Institutional Leap: 21Shares Files for Dogecoin ETF with SEC

In a groundbreaking move, 21Shares has submitted an application to the U.S. SEC for a Dogecoin ETF, potentially transforming the meme coin into a mainstream financial asset. This development highlights DOGE’s staggering 130,000% price surge over the past decade, with an annual growth rate of 125%. If approved, the ETF would offer traditional investors exposure to Dogecoin, marking a pivotal moment in its evolution from internet joke to institutional investment.

21Shares Files for Dogecoin ETF Approval with SEC

21Shares, a leading Swiss asset manager, has filed for a Dogecoin ETF with the U.S. Securities and Exchange Commission (SEC). This marks a significant milestone in Dogecoin’s journey from an internet parody to an institutional-grade asset. Over the last decade, Doge has seen a remarkable 130,000% price increase, with an average annual growth rate of 125%. If approved, the DOGE ETF will provide exposure to the cryptocurrency through traditional brokerage accounts, appealing to risk-averse investors and boosting its legitimacy in traditional finance. Dogecoin is no longer just a meme; it’s a movement.

21Shares Files for Dogecoin ETF in the US

21Shares, one of the world’s largest issuers of crypto exchange-traded products (ETPs), has applied for a spot exchange-traded fund based on Dogecoin (DOGE) in the US, backed by the House of Doge. This move underscores the growing institutional interest in the OG meme cryptocurrency. The firm announced that it had forged a partnership with the House of Doge to debut funds endorsed by the Dogecoin Foundation. On April 10, 21Shares filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its 21Shares Dogecoin ETF. If approved, the proposed investment vehicle would offer investors direct exposure to the price of DOGE without having to purchase the crypto.

Unlock Dogecoin Miner with Bitcoin and Get $10,000 a Day

The success of Dogecoin highlights the influence of Internet memes. With its Shiba Inu emoji logo and humorous slogans, it gained popularity on platforms like Reddit and Twitter. Emphasizing entertainment and community, Dogecoin became a ’net celebrity currency.’ This article explores how to use Dogecoin cloud mining to potentially earn $10,000 worth of cryptocurrency daily. Dogecoin cloud mining involves cloud mining service providers earning new Dogecoin rewards by processing transactions on the Dogecoin blockchain.