Dogecoin ETF Battle Heats Up as 21Shares Joins the Fray

21Shares Enters Dogecoin ETF Arena, Teams Up with House of Doge

The competition to launch the first U.S. spot Dogecoin (DOGE) ETF is heating up. 21Shares has officially joined the race, becoming the third crypto-focused asset manager to pursue regulatory approval, following earlier filings from Grayscale and Bitwise.

The Swiss-based firm filed an S-1 registration form with the U.S. Securities and Exchange Commission (SEC) on Thursday, signaling its intent to bring a DOGE-backed ETF to American investors.

According to the filing, custody for the fund will be split between 21Shares and Coinbase. However, key details—including the ETF’s ticker symbol, management fee, and listing exchange—are still pending. Once an exchange is selected, it will need to submit a 19b-4 form to the SEC to kickstart the formal approval process and trigger a decision timeline.

In a notable move, 21Shares has also partnered with House of Doge, the corporate arm of the Dogecoin Foundation, to assist with marketing efforts—highlighting the blend of community culture and institutional finance that defines Dogecoin’s identity.

Should the ETF gain regulatory approval, it would be the first U.S. exchange-traded fund based on a meme coin. Despite its humorous origins, DOGE has matured into a widely recognized asset, even inspiring government initiatives such as the Elon Musk–led Department of Government Efficiency (DOGE).

With a market capitalization of $23 billion, Dogecoin currently ranks as the ninth-largest cryptocurrency in the world.