21Shares Dogecoin ETF Launch Fuels DOGE Price Momentum

21Shares has taken a major step in expanding regulated crypto investment products by announcing the launch of its spot Dogecoin ETF in the United States. The firm submitted its final prospectus to the U.S. Securities and Exchange Commission through a 424B3 filing, clearing the path for trading to begin as early as this week. The ETF has received auto-effective approval to list on Nasdaq under the ticker symbol TDOG, positioning it as the third spot Dogecoin ETF to enter the U.S. market.

The 21Shares Dogecoin ETF joins recently launched competitors, including Grayscale’s GDOG and Bitwise’s BWOW, which debuted earlier this month. Together, these products highlight growing institutional interest in Dogecoin and broader demand for regulated exposure to meme-based cryptocurrencies. The ETF is designed to track the spot price of DOGE using the CF Dogecoin-Dollar US Settlement Price Index, offering investors direct exposure without the complexities of holding the asset themselves.

According to the filing, 21Shares has set a management fee of 0.50 percent, accruing daily and payable weekly in DOGE. Unlike some competing funds, no fee waiver has been disclosed. The Bank of New York Mellon will act as administrator, cash custodian, and transfer agent, while Coinbase Custody Trust, Anchorage Digital Bank, and BitGo will serve as custodians, reinforcing the fund’s institutional-grade structure.

Following the announcement, Dogecoin price recorded a modest but notable increase, rising over 1 percent in the last 24 hours to trade near $0.140. Trading volume surged by more than 100 percent, signaling heightened market interest. Technical indicators show DOGE holding above its 50-day moving average, with the Relative Strength Index hovering around neutral levels. Market analysts suggest that continued ETF-related inflows and whale accumulation could support a potential move toward the $0.20 level.

Derivatives data reflects mixed sentiment, with slight increases in futures open interest on major exchanges such as Binance and OKX, while some platforms saw minor declines. Overall, the launch of the 21Shares Dogecoin ETF adds momentum to DOGE’s market narrative and strengthens its position within the evolving crypto ETF landscape.