title: Dogecoin ETF Is Coming. Asset Manager 21Shares Files an S-1 Registration with the SEC

Asset manager 21Shares filed an S-1 registration with the SEC, requesting to launch a Dogecoin ETF. The fund will provide exposure to the price of Dogecoin

Asset manager 21Shares has taken a step closer to launching a Dogecoin ETF in the US after filing an S-1 registration with the SEC.

Asset manager 21Shares has taken a step closer to launching a Dogecoin ETF in the US after filing an S-1 registration with the SEC.

The fund will provide broad exposure to the price of Dogecoin without the need for direct sales of the cryptocurrency. Coinbase Custody Trust will hold the fund's tokens and serve as the official custodian for the ETF.

The S-1 filing also noted that the fund will be a passive investment vehicle that does not engage in active management strategies to generate returns. Instead, the primary objective of the fund is to passively track the changes in the market price of the token.

"We are grateful to the SEC for their continued efforts in opening up the market for new and innovative investment products," said Duncan Moir, President at 21Shares.

"Registered investment vehicles are crucial for broadening access to digital assets, and Dogecoin's growing adoption highlights its significance in the broader crypto ecosystem."

21Shares has partnered with House of Doge, the corporate arm of the Dogecoin Foundation, to provide marketing, strategy, and related services to the fund.

The filing places 21Shares with several other companies, including Bitwise, REX Shares, and Grayscale, that are seeking to launch a Dogecoin ETF. These companies are all awaiting regulatory green light from the SEC to begin trading Dogecoin ETFs in the US.

DOGE rallied above 10% following the filing, as the general crypto market looked to recover from its recent downturn.

The surge comes alongside a rally in the memecoin sector, which jumped over 12% as President Donald Trump announced a 90-day tariff pause on 75 countries.

Despite the recent rally, DOGE remains down in the weekly and yearly timeframes, with losses of 5% and 17%, respectively.