21Shares’ proposed Dogecoin (DOGE) spot exchange traded fund (ETF) secured a listing on the Depository Trust & Clearing Corporation (DTCC) website. This move signals that preparations for the ETF’s launch are in motion.
However, experts caution that this listing does not indicate approval by the U.S. Securities and Exchange Commission (SEC), which is still reviewing the filing.
The ETF, sponsored by 21Shares US LLC, aims to hold Dogecoin directly, with assets under the custody of Coinbase Custody Trust Company. Its pricing will track a specific index to mirror DOGE’s spot price. The SEC has a review process that involves the public comments and feedback rounds and the approval timelines are not clear.
This move follows last week’s launch of REX-Osprey’s DOGE ETF, the first U.S.-listed Dogecoin fund, which offered investors direct spot exposure to the meme coin. Other applications, such as Bitwise’s, are also pending, with some decisions expected to stretch into early 2026.
Experts predict potential DOGE rally
Cryptocurrency experts are optimistically waiting on the future performance of Dogecoin. According to Ali Martinez, a recent purchase indicator on technical charts indicates that the token might be on the verge of a rebound. There is also institutional interest which is increasing.
According to a recent announcement, CleanCore Solutions recently added 100 million DOGE to its treasury, taking its total holdings above 600 million coins, now valued at over $160 million. In addition, Alex Spiro, a lawyer for Tesla CEO Elon Musk, is leading a Dogecoin treasury company planning to raise $200 million to manage DOGE reserves.
Another analyst, Mags, described the current market phase as a “final bullish retest,” noting the token may be preparing for a move toward the $1 level.
Although these changes are positive signs of increased institutional attention and possible bullish price action of Dogecoin, investors must remember that regulatory acceptance and market forces are unpredictable.
The ultimate ruling of the SEC on the 21Shares DOGE ETF will play a significant role in determining the short-term direction of the token.
Also Read: Thumzup Buys $2M of DOGE as First Dogecoin ETF Launches in U.S.
