21Shares Files for Spot Dogecoin ETF With the US SEC

In partnership with the Dogecoin Foundation’s corporate arm, House of DOGE, 21Shares aims to launch the Dogecoin ETF to expand its investment product offerings and provide customers with broader access to digital assets.

In a US SEC filing submitted on April 9, 2025, 21Shares stated that, if approved, the product will track Dogecoin’s price. The House of DOGE will handle marketing functions, including licensing and strategy.

While pursuing an ETF in the US, 21Shares also launched a Dogecoin Exchange-Traded Product (ETP) on the SIX Swiss Exchange on April 9, 2025.

Both ETFs and ETPs track the asset, either by holding it directly or indirectly, but they operate under different rules and structures.

Launched in 2013 by Shibetoshi Nakamoto (real name: Billy Markus) and Jackson Palmer, Dogecoin is currently among the top 10 largest cryptocurrencies, with a market cap of over $21 billion.

Earlier in January, Bitwise Asset Management and Grayscale filed for spot DOGE ETFs. In February, the SEC formally accepted Bitwise’s Dogecoin ETF application for review.

Besides DOGE, several other altcoin ETFs are awaiting the US SEC’s approval, including those for:

• Solana (SOL),
• Ripple (XRP),
• Litecoin (LTC).

Regulatory Climate for Crypto ETF Launches in the US 

New crypto ETFs are expected to hit the market following approval, thanks to President Donald Trump’s crypto-friendly regulations and the SEC’s renewed approach to the sector. 

In March, the SEC delayed decisions on several crypto ETFs while Paul Atkins’ nomination as SEC Chair was pending. Now that Atkins has been confirmed by the Senate, progress on these applications may soon follow.

Atkins replaces Mark Uyeda, who served as acting Chair and had instructed staff to review several crypto statements. Atkins is known for his pro-crypto views, signaling a shift from the stricter regulatory stance of his predecessor, Gary Gensler, which could lead to more favorable policies for cryptocurrencies.

As the new SEC Chair begins his tenure, the crypto industry is watching closely, with expectations that the SEC may soon approve several long-awaited crypto ETF applications. This could open the door for more institutional investments and increase the legitimacy of digital assets. 

The approval of crypto ETFs could also set the stage for future products tied to other altcoins, fueling further market growth and attracting a new wave of investors.

Related: 21Shares Proposes Staking for Ethereum ETF in New Filing