As the broader crypto markets continue to wilt, Dogecoin (DOGE) is slowly waking up to turn the tides the bullish way again. 21Shares, one of the financial world’s most prominent digital asset management companies, have just filled for a Dogecoin ETF with the Depository Trust & Clearing Corporation (DTTC).
Dogecoin’s Major Step Towards The Big Boys
Although this does not secure an approval of this meme coin-based exchange-traded fund (ETF) pitch, this acknowledgement by the DTCC marks a further step in the submission procedure. Part of the standard preparation process, the DTCC registration is crucial in terms of approval by the The Securities and Exchange Commission (SEC), but it doesn’t guarantee it.
As of now, 21Shares, the Swiss asset manager, is showing up on the official website, testifying clearance for listing & settlement. Typically, altcoin ETF decisions are postponed or the public’s opinion is asked, but no other altcoins besides Ethereum (ETH) received immediate gratification from the top financial policeman.
Why Dogecoin Could Be a Good Fit In ETFs
Notably, the SEC, now under the ruling of Chair Paul Atkins, is bound to give a response to most altcoin ETF submissions starting from late October to early December, including DOGE ETF by 21Shares. Besides, this aligns with a selection of other major-cap altcoin ETF pitches registering with the DTTC, including Solana (SOL), Hedera (HBAR) & Ripple (XRP).
In a huge contrast to most meme coins, Dogecoin (DOGE) has a steady trading volume of billions per day, easily competing with large altcoin brands despite its initial joke status. Conducting business on a Proof of Work (PoW) basis, Dogecoin’s code is a play on Bitcoin (BTC), developed by ex-IBM computer virtuosos Billy Markus & Jackson Palmer.
On The Flipside
- Aside from TDOG, there’s another Spot-based ETF by Rex-Osprey, running under the DOJE ticker & currently awaiting confirmation to start trading as a stock.
- However, that’s not a traditionally regulated ETF, as it tracks the meme coin’s price via Cayman Islands subsidiary rather than offers direct exposure to DOGE.
Why This Matters
The competition for the next altcoin ETF is getting heated. Dogecoin’s status as an ETF-eligible digital asset would set a precedent as the first meme currency to operate a standalone ETF item.
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21Shares’ Dogecoin ETF, listed on DTCC under the TDOG ticker, signals a procedural step toward approval. Consequently, it follows the REX-Osprey DOJE ETF debut on September 18, 2025, boosting institutional access.
The listing fuels mainstream adoption, potentially drawing big inflows like DOJE’s $17M first-day volume. Thus, it could drive DOGE’s price toward $1 or higher.
Increased institutional buying via TDOG could spike demand. Meanwhile, DOGE’s current $0.48 price, up 135% in 2025, eyes $0.75–$1.30 resistance if ETF hype holds.
No official date exists, but DTCC listing suggests progress. Therefore, a launch could align with Grayscale’s mid-October 2025 DOGE ETF decision, per recent filings.
Retail and institutional investors gain easier DOGE exposure without crypto wallets. As a result, the unbanked and meme-coin enthusiasts could see bigger gains if prices surge.
