Key Takeaways
- Dogecoin(DOGE) ETF is a financial product with which users can gain exposure to the DOGE’s price without buying or selling the cryptocurrency.
- Multiple companies have been seeking approval to list the Dogecoin exchange-traded fund (ETF).
- The SEC has announced that it will wait until June 15, 2025, to decide on the further steps for the Bitwise Dogecoin ETF.
- 21Shares, Grayscale, Rex-Osprey, and Bitwise have submitted their applications with the SEC for Dogecoin ETFs.
An exchange-traded fund (ETF) is an investment fund that allows users to gain exposure and track the price movements of mainstream cryptocurrencies like BTC, LTC, DOGE, etc, without actually owning the underlying assets. ETFs are closely related to stocks; ETF shares can easily be bought or sold on that particular trading day on a stock exchange. ETFs are capable of holding a wide range of assets, including bonds, stocks, currencies, commodities, etc.
Dogecoin ETF is a financial product with which users can get exposure to DOGE’s price and track other details without actually owning the cryptocurrency. Similar to traditional stocks, DOGE ETFs will be traded on stock exchanges, and investors can purchase and sell using their brokerage accounts. This article discusses the upcoming DOGE ETFs and the current status of their SEC filings.
What is a Dogecoin ETF?
A Dogecoin ETF is an investment vehicle that allows investors to gain exposure to the native token of the Dogecoin network (DOGE). Dogecoin ETFs are designed to track the market price of DOGE, its fees, and expenses, etc. With the emergence of various DOGE ETFs, investors can buy and hold shares of the DOGE ETFs instead of directly buying and managing the particular cryptocurrency. Multiple mainstream asset management firms have already submitted their formal request to the SEC for DOGE ETFs. Asset management organizations like 21Shares, Bitwise, and Grayscale submitted their filing and have been waiting for the SEC’s response in further stages.
Investors might need a brokerage account to buy and sell DOGE ETF shares. By acquiring Dogecoin shares, investors can gain exposure to the price movement of DOGE through the ETFs. To track the DOGE’s price movement, the ETF would use a distinct price benchmark like the CF Dogecoin-Dollar U.S. settlement price index.
One of the most repeated questions regarding crypto ETFs is why they are getting so much attention. The increased attention for ETFs like DOGE ETFs is because it offers a simple way to get exposure to Dogecoin without understanding or studying the basics of crypto trading or holding. Another reason is that ETFs provide investors a degree of transparency and protection since it is subject to regulatory compliance. Finally, one of the most important factors that drives the importance of ETFs is that trading ETFs using brokerage accounts is much simpler than directly managing cryptocurrencies like DOGE.
Upcoming Dogecoin (DOGE) ETFs
Dogecoin ETFs are some of the most anticipated financial products in the modern world. Some of the major asset management firms have already filed for a spot Dogecoin ETF. The details of upcoming DOGE ETFs are included here.
1. 21Shares Dogecoin ETF
The 21Shares Dogecoin ETF is one of the highly anticipated cryptocurrency ETFs in the crypto landscape. Nasdaq, the American stock exchange, has filed a 194-b form with the Securities and Exchange Commission (SEC) to list the 21Shares Dogecoin ETF. Nasdaq submitted this filing on 29/04/2025, Tuesday. 21Shares submitted an S-1 registration with the Securities and Exchange Commission on April 10, 2025. Nasdaq’s role and recent entry in the 21Shares S-1 registration add an extra momentum to the proposal and fuel the request.
2. Bitwise’s spot DOGE ETF
Bitwise’s spot DOGE ETF is another much-awaited exchange-traded fund that will come into action in the near future. They filed an application for the DOGE ETF at the end of January 2025, and according to the latest information, the SEC has announced that it will wait until mid-June to decide on the further steps for the Bitwise Dogecoin ETF.
3. Grayscale Dogecoin ETF
Grayscale Dogecoin ETF is under consideration by the Securities and Exchange Commission. Recently, NYSE Arca submitted a 19b-4 filing to list shares of the Grayscale Dogecoin Trust. The SEC implemented a 240-day review window upon the NYSE Arca filing.
Initially, Grayscale launched its Dogecoin Trust on January 31, Friday, and also filed a 19b-4 form to convert this Dogecoin Trust into a spot exchange-traded fund. In an early blog post, Grayscale gave some hints regarding the potential inclusion of Dogecoin in their future products.
4. Rex-Osprey DOGE ETF
REX Shares submitted its application for Rex-Osprey Dogecoin ETFs in January. The submitted application is currently being reviewed by the Securities and Exchange Commission. Rex Shares also included TRUMP meme coin, BONK, Bitcoin, Ethereum, XRP, and Solana in their application to launch the ETFs for the respective cryptocurrencies. The REX-Osprey DOGE ETF will be structured and crafted under the 1940 Investment Company Act, which could resemble the crypto futures ETF structure.
These are the currently active DOGE ETF applications filed with the SEC. The increased number of filings shows the growing interest in meme coins. These applications are in their early stages since the SEC hasn’t made any official declarations regarding the topic. All the active filings are in their review period; any official confirmations will be made after the review window is over.
The Bottom Line
Cryptocurrency ETFs are investment vehicles that allow you to gain exposure to cryptocurrencies like BTC, ETH, DOGE, and XRP without directly owning the particular currencies. ETFs can track the price, performance, and other market statistics of cryptocurrencies, which can be done either individually or as a collective group. Asset management firms like Grayscale, Bitwise, and 21Shares have all submitted their applications with the SEC to launch various exchange-traded funds.
An ETF cannot be launched and function without the regulatory approval from the SEC. All the Dogecoin ETF filings are under consideration by the SEC to get approval. We can expect the final verdicts on these filings sooner, since Donald Trump’s government is pro-crypto, and Paul Atkins, the chair of the SEC, is a big admirer of the crypto landscape.