- 21Shares joins U.S. Dogecoin ETF market following regulatory clearance.
- TDOG listing expands regulated access to Dogecoin for investors.
- Dogecoin price stays range bound as ETF approval enters market.
Momentum around Dogecoin strengthened after 21Shares secured approval to introduce a spot Dogecoin exchange traded fund in the United States, with the product set to list under the ticker TDOG following its final prospectus filing with the Securities and Exchange Commission.
Notably, this clearance positions 21Shares as the third issuer to launch a Dogecoin focused ETF in the U.S. market, following earlier spot Dogecoin products introduced by Grayscale and Bitwise. Meanwhile, Dogecoin traded at $0.1366 at the time of reporting, reflecting a 2.20% decline over 24 hours, while price movement remained within a narrow range between $0.135 and $0.142 during early sessions.
ETF offers institutional and retail investors regulated access to Dogecoin without direct token ownership, operating under existing regulatory frameworks applied to spot crypto exchange traded products.
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Fund Structure and Custody Framework
According to the 21Shares prospectus filed with the Securities and Exchange Commission, the Dogecoin ETF will track the CF Dogecoin Dollar US Settlement Price Index, which reflects spot DOGE prices for daily valuation. Moreover, the filing stated that the fund carries a 0.50% management fee, calculated daily and settled weekly in Dogecoin tokens, with no fee waiver included.
Operational responsibilities will be handled by Bank of New York Mellon, which will serve as administrator, cash custodian, and transfer agent for the ETF. Digital asset custody will be shared among Coinbase Custody Trust, Anchorage Digital Bank, and BitGo, with responsibilities distributed across multiple providers as outlined in the filing.
Technical Price Levels Observed on Daily Chart
Technical data from the daily chart showed Dogecoin trading near $0.139 while remaining above the mid line of the Bollinger Bands. Meanwhile, the Bollinger Bands reflected a trading range between $0.113 and $0.156, with price action staying within this range.
Additionally, the Relative Strength Index stood near 51 on the daily timeframe and remained below overbought levels. Dogecoin also traded above the 20 day moving average during the observed period, aligning with recent daily closing prices.
The approval adds another spot Dogecoin ETF to the existing U.S. market lineup, expanding the range of regulated Dogecoin investment products available to investors. The TDOG listing follows structures adopted by earlier issuers, with fund design and operational details aligning with established crypto ETF frameworks.
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