21Shares Finalizes Dogecoin ETF Filing as DOGE Price Surges on Market Optimism

21Shares has submitted another amendment to its spot Dogecoin ETF application with the U.S. Securities and Exchange Commission (SEC), strengthening expectations that the product will launch this month alongside Grayscale’s GDOG and Bitwise’s BWOW ETFs. The update, reflected in the issuer’s fifth S-1 amendment, confirms a management fee of 0.50%, accrued daily and paid weekly in Dogecoin. While the filing does not mention a temporary fee waiver, market participants anticipate that details may emerge ahead of the fund’s official debut. The amendment also retains the delaying clause while preparing the application to become effective following an 8(a) filing.

The updated S-1 identifies The Bank of New York Mellon as the administrator, cash custodian, and transfer agent, while Anchorage Digital Bank and BitGo will support the trust as additional custodians. As previously disclosed, the ETF will list on Nasdaq under the ticker TDOG, tracking Dogecoin’s price performance via the CF Dogecoin-Dollar US Settlement Price Index. Coinbase Custody Trust Company remains listed as a custodian, and 21Shares US LLC will serve as the seed capital investor. The trust plans to deploy approximately $1.5 million to purchase DOGE at or before the ETF’s listing. Additional service providers include Wilmington Trust NA as trustee, Foreside Global Services as marketing agent, and Cohen & Company as the accounting firm.

Dogecoin’s price reacted strongly to the updated filing and broader ETF optimism, jumping more than 11% in the past 24 hours to trade near $0.15. Trading volume surged 32%, reflecting heightened market participation. Despite trading below the 50-day and 200-day moving averages, DOGE has broken above a key trendline, with RSI rising to 45.19—suggesting room for further upside. Derivatives data from CoinGlass shows growing bullish sentiment, with Dogecoin futures open interest climbing more than 8% to $1.50 billion. Major exchanges such as Binance, OKX, and Bybit all recorded additional increases in 4-hour futures OI, signaling sustained momentum as investors anticipate the first wave of Dogecoin ETFs.