Digital Asset Manager 21shares presented the US Securities and Stock Exchanges Committee to launch a DOGECOIN exchange box, after a similar deposit from its BitWise and Grayscale competitors.
21Shares Dogecoin ETF will seek to track the price of Memecoin Dogoin (DOGE). According to To indicate the company’s S-1 registration for the company on April 9. House of Dogy, Arm of Dogcoin Foundation, House of Doge, is planning to help 21shares in the box marketing.
21 Shares said that Coinbase Custody will be the proposed trustee for Dogecoin ETF, but he did not specify fees, an indication, or what the stock exchange will offer.
source: James Sevart
21 Shares must submit the 19B-4 file to SEC to start the process of the organization’s organizer’s approval.
Doge currently has a $ 24.2 billion market ceiling, which is the eighth largest encrypted currency. It was created in 2013 as a joke of Lucky Coin, which is the same fork from Bitcoin.
The proposed Dogecoin ETF for 21shares is the latest effort for the company to expand its offers at Spot Crypto ETF, which currently only includes the Bitcoin (BTC) and ETHER (ETH) box.
The source was also presented to SEC in February to launch ETF Polkadot (DOT) and last year, presented to create ETF Spot XRP (XRP).
Related to: Dogoin millions of people buy declines as DOGE PRICE collects by 30 %
James Sevart, an analyst in Bloomberg, Ishnal James Sevart, said in February that the last boom in ETF encryption files reflects the “spaghetti cannon approach” from exporters who test the products that the new SEC leadership may agree to.
“The exporters will try to release many different things and know what sticks are,” said Sevart.
Erik Balunas, Sivart analyst, Eric Balunas, said in February that there is a 75 % opportunity to agree. It gives Approval possibilities of 64 %.
21 partners and partners of Doge for the DOGE boxes in Switzerland
21 shares also He said On April 9, a partnership with House of Doge was held to launch an overlapping product from the fully -backed Dogecoin on the Swiss Stock Exchange in Switzerland.
The 21shares Dogecoin product will be traded under “DOGE” with “DOGE” with 2.5 % fee.
“It has become more than just an encrypted currency: it represents a cultural and financial movement that continues to increase the adoption, and Duja provides investors an organized means to be part of this exciting project,” said Dunkin’s head of 21shares Mawir said.
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