21Shares Files for DOGE ETF
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Asset manager 21Shares has filed an S-1 registration with the SEC to launch a Dogecoin ETF, providing exposure to Dogecoin’s price without direct sales of the cryptocurrency.
Coinbase Custody Trust will serve as the official custodian, holding the fund’s tokens. The ETF will be a passive investment vehicle, aimed only at tracking Dogecoin’s price.
“Registered investment vehicles are vital for expanding access to digital assets, and Dogecoin’s growing popularity highlights its importance in the crypto ecosystem,” said Duncan Moir, President of 21Shares, in a press release.
21Shares has teamed up with House of Doge, the corporate arm of the Dogecoin Foundation, for marketing and strategic support for the fund.
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