Cryptocurrency

SEC acknowledges 21shares filing

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this The prospects of Dogecoin Exchange Fund (ETF) The final entry into the U.S. financial market has taken an important step and is now more realistic than ever. This new optimism stems from a major regulatory update: The Securities and Exchange Commission (SEC) formally acknowledges the 21shares application of the Dog ETF, which marks the beginning of the formal review process.

SEC acknowledges NASDAQ’s application list and deals with 21 Shares’ Dogecoin ETF

this SEC accreditation 21Shares’ Doge ETF application signal is the beginning of the formal review process. May 13, 2025, Committee Post a notice confirmation Nasdaq’s request to list 21shares dogecoin ETF effectively placed the proposal on a public case file.

However, it is important to note that this step does not equal approval. Instead, it initiated a period of censorship and public comment Extended to 240 days Before the final decision. In fact, if all extensions are leveraged, the final deadline for the SEC’s 21shares dogecoin ETF is January 9, 2026. But for now, confirmation is locked in the timeline and confirmation that the agency is actively considering the idea of ​​Doge Fund.

Switzerland-based asset manager 21 Shares made preliminary registration of the Dogecoin ETF on April 9. The company cooperates with it The Dogecoin Foundation’s corporate institution is known as Doge House to help promote the fund. According to the filing, the proposed ETF is designed to have passive trust, hold actual threshold tokens, and track the benchmark index of meme coin prices without using leverage or derivatives. In addition, Coinbase custody trusts are used as the custodian of the fund Doge Holdings, which may be targeted at institutional and retail brokerage channels.

Doge ETF race is heating up. Now closer than ever

Dogecoin ETF’s comments are at a time when the SEC’s stance on crypto products is shifting. Under new leadership by SEC Chairman Paul Atkins, the agency shows signs of a more open attitude toward cryptocurrency investment. Washington’s current administration has been described as a more cryptocurrency friendly than its predecessor, and the SEC has recently taken steps like this Dismissed case against crypto companies And conduct cryptocurrency-centric discussions with industry stakeholders. The backdrop of this soft regulatory prospect has led the Doge ETF to bid for a combat opportunity that might not have existed a few years ago.

In addition to 21shares, several other asset management companies have also filed applications to launch Dogecoin ETFs in the United States. Bitwise Asset Management filed its application for a dogecoin ETF on January 28, 2025, and the New York Stock Exchange ARCA proposed listing of the fund. Rex cooperates with Osprey Fund to share exist January 2025. Their application falls into different memes, including products related to $Trump tokens and Bonk.

As of mid-May 2025, the SEC is reviewing the Doge ETF application for the 21shares, Bitwise, Grayscale and Rex-sosprey partnerships. Industry analysts estimate that the approval opportunities for these ETFs are 63% to 75% this year.

Dog
Doge on 1D chart trading price is $0.22 | Source: dogeusdt on tradingview.com

Featured images from Pixabay, charts from TradingView.com

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