BREAKING: 21Shares Amends S-1 for Spot Dogecoin ETF Approval

21Shares Dogecoin ETF amended its application to confirm the ticker and additional details ahead of the final decision by the U.S. Securities and Exchange Commission (SEC). The spot Dogecoin ETF prepares for listing and trading on Nasdaq, with the approval delayed due to the prolonged U.S. government shutdown.

21Shares Dogecoin ETF Files with the US SEC

According to a US SEC filing, 21Shares submitted an amended S-1 form to confirm TDOG as the ticker amid readiness to list and trade on Nasdaq. The exchange-traded fund will track the DOGE price performance as measured by the CF Dogecoin-Dollar US Settlement Price Index.

The issuer has not disclosed the management fee yet, likely waiting for other issuers to reveal their fee first. However, the filing mentions sponsor fee accrues daily and is payable in DOGE bi-weekly in arrears, with other terms and conditions still awaited.

Moreover, the issuer revealed Coinbase Custody Trust Company as the custodian and 21Shares US LLC as the seed capital investor. Notably, the trust will use $1.5 million to purchase DOGE at or prior to the listing of the ETF on the exchange. The trust has also updated language, risk factors, and other key details ahead of the SEC’s final decision.

Other details disclosed in the filings include Wilmington Trust NA as the trustee, Foreside Global Services as the marketing agent, and Cohen & Company as the accounting firm.

Earlier, Bloomberg analysts raised approval odds of DOGE ETFs by the SEC to 99% amid updated S-1 filings as the final deadline approaches. Also, the 21Shares Dogecoin ETF secured DTCC listing recently, marking a key procedural step before launch.

Dogecoin News: Sentiment Rises on Expected Approvals This Week

Notably, the U.S. SEC missed the final deadline for the Grayscale Dogecoin ETF approval, which was due on October 18.  The crypto ETF joined others missed by the SEC due to the prolonged U.S. government shutdown.

ETF experts such as Nate Geraci and Eric Balchunas believe the end of the U.S. government shutdown will open floodgates for crypto ETFs. The commission could greenlight all missed ETF listings, with expectations of all Dogecoin ETFs on the same day.

Moreover, Ripple, Coinbase, Chainlink, Galaxy, Kraken, Uniswap, and Circle executives attending a roundtable with pro-crypto Democrats this week fueled crypto ETF approval sentiment among investors.

At press time, DOGE price rebounded more than 6% to $0.20 in the past 24 hours. Analyst Ali Martinez pointed out a bounce off the channel support. He predicted a recovery to $0.29 first, setting $0.45 and $0.86 as higher targets if ETF approvals are announced.