21Shares Applies for Dogecoin ETF with US SEC… DOGE Surges 12%

Global asset management firm 21Shares has applied for approval of a Dogecoin (DOGE) ETF (Exchange Traded Fund) with the US Securities and Exchange Commission (SEC).

According to FXStreet on the 9th (local time), 21Shares announced through the S-1 document submitted to the SEC that it plans to launch an ETF linked to the price of Dogecoin. This ETF will be operated in a price-tracking manner without directly purchasing Dogecoin.

The token custody for the ETF will be handled by Coinbase Custody Trust, and the ETF will be a passively managed product that does not seek returns beyond the price of Dogecoin.

Duncan Moore, CEO of 21Shares, stated in a press release, "Regulated investment products are necessary to broaden access to digital assets," and "The rapid spread of Dogecoin indicates its importance within the virtual asset ecosystem."

With this application, 21Shares joins companies like Bitwise, REX Shares, and Grayscale in preparing to launch a Dogecoin ETF. Currently, these ETFs are awaiting final approval from the SEC.

Meanwhile, as news of the ETF initiative was conveyed in addition to President Trump's announcement of a 90-day tariff deferral for 75 countries, Dogecoin showed a sharp rise. As of 12:55 PM on the 9th, Dogecoin is trading at around $1.55 on the Binance Tether (USDT) market, up approximately 12% from the previous day.