There is a new application for one Dogecoin (Doge) Börsenfonds. 21Shares submitted the first form in the American stock exchange supervision and announces an exclusive cooperation.
Submitted form for Dogecoin ETF
Funders 21Shares has one on April 9th S-1 registration form submitted With the American Securities and Exchange Commission (Sec) for a spot-dog coin ETF. This ETF will pursue the price of Dogecoin and the asset manager will determine crypto tours Coinbase as the storage of the fund.
21Shares follows Grayscale and BitWise, who have already submitted their applications. However, the S-1 registration form is only the first step. The next step is a 19b-4 form that the Commission will start the approval process.
The chance of approval of a Dogecoin ETF in 2025 is generally highly assessed. Two months ago, Bloomberg analysts estimated the chance of 75 percent. On the forecast platform Polymarket Estimates the crypto community The chance currently to 62 percent.
21Shares goes into exclusive cooperation
21shares indicates from House of Dogeto be supported by the Dogecoin organization’s business. The organization is allegedly helping to market the ETF.
The exclusive collaboration between Dogecoin and 21shares continues to be sufficient than the requested ETF in the United States. On April 9th The asset manager announces that the organization will also support it in Europe. At the Six Swiss Exchange there is a Dogecoin Exchange-Traded Product (ETP) introduced. It is the only ETP with the support of the Dogecoin Foundation.
“Our collaboration with 21shares shows the progressive maturity and legitimacy of Dogecoin in the financial world,” explains Sarosh Mistry, Director-Elect at House of Doge.
Important price levels for Dogecoin
The course of Dogecoin has increased by almost 12 percent since Wednesday, April 9 and is again above the level of support of around $ 0.15. On the way up, Doge could encounter resistance at $ 0.18 and then $ 0.20. To break through here, the course needs a lot of momentum.
If the course cannot remain over 0.15 dollars, $ 0.13 and then $ 0.10 in sight. The course could find support with these prices.
