- 21Shares has updated its Dogecoin ETF filing, confirming that it is ready for listing under the TDOG ticker and Nasdaq despite SEC delays.
- Dogecoin price rises on ETF approval progress and strong market sentiment, analysts see growing optimism.
21Shares has updated its application for the Spot Dogecoin ETF, pending approval from the U.S. Securities and Exchange Commission (SEC). The filing confirms “TDOG” as the official ticker and indicates the company is ready to list the fund on the Nasdaq once the SEC gives the green light. The decision was delayed due to the extended U.S. government shutdown.
21Shares Dogecoin ETF launch approaches
as mentioned As mentioned in our previous news brief, the latest filing from 21Shares provides details on how the Dogecoin ETF will operate. Additionally, the Fund tracks the price of Dogecoin based on the CF Dogecoin-Dollar US Settlement Price Index.
Coinbase Custody Trust Company has been appointed as the custodian, meaning it will hold the Fund's Dogecoin. In addition, Wilmington Trust NA will serve as trustee, Foreside Global Services will handle marketing, and Cohen & Company will serve as accounting firm.
The document also shows that 21Shares plans to spend $1.5 million to purchase Dogecoin before the ETF begins trading. This seed money will help the fund gain a solid foothold once it begins trading on the Nasdaq. The company has not yet disclosed its management fees and said it may wait for other issuers to disclose their management fees first.
However, it is stated that sponsorship fees are accumulated daily and paid in Dogecoin every two weeks. The filing also includes minor updates to risk factors and other language to meet SEC requirements. In doing so, 21Shares is showing that it is ready to transition once regulators reopen and resume pending reviews. Crypto ETF application.
Increased confidence in Dogecoin ETF approval
Still, market players are growing confident of the approval. Dogecoin ETF. Bloomberg analysts raised their expectations for approval to 99%, noting an increase in the number of amended applications. The 21Shares Dogecoin ETF is already listed on the Depository Trust & Clearing Corporation (DTCC), a necessary step before the fund can begin trading.
Similarly, security authorities Grayscale Dogecoin ETF on October 18th due to the government shutdown. Experts like Nate Geraci and Eric Balchunas believe the SEC could approve multiple pending crypto ETFs at once once the shutdown ends.
Excitement in the space also grew as executives from Ripple, Coinbase, Chainlink, Galaxy, Kraken, Uniswap and Circle are scheduled to meet with pro-crypto lawmakers this week. Since this development, the price of Dogecoin has increased further 3.2% in the past day $0.2003.
on the other hand, highlighted In a previous news brief, analysts predicted that if the Dogecoin ETF is approved soon, it could rise towards $0.29 and possibly higher.
