Dogecoin ETF Countdown Begins: SEC Acknowledges 21Shares’ Groundbreaking Filing

In a major leap forward for meme coin legitimacy, the U.S. Securities and Exchange Commission (SEC) has formally acknowledged the spot Dogecoin ETF application submitted by 21Shares. This milestone not only propels Dogecoin’s price into bullish territory, but also places the proposed ETF on the SEC’s official review calendar.

According to regulatory protocols, the Commission now has up to 240 days to either greenlight or deny the application. This timeframe could significantly reshape DOGE’s future in institutional finance.

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21Shares DOGE ETF Gains Traction as Dogecoin Price Surges Over 6%

The 21Shares Dogecoin ETF has officially entered the U.S. Securities and Exchange Commission’s review queue, placing it alongside proposals from firms like Grayscale Investments. Originally filed on April 9, the ETF aims to offer institutional investors direct exposure to Dogecoin’s market performance. This marks a bold step forward in bringing meme-based cryptocurrencies into mainstream financial portfolios.

In the wake of the SEC’s acknowledgment, Dogecoin’s price soared by 6.29%, reaching $0.2404 in the last 24 hours. Despite earlier fluctuations in the trading session, DOGE managed to recover swiftly and erase short-term losses. Over the past week, the popular meme coin has notched an impressive 42.19% gain, reflecting growing investor confidence amid ETF anticipation.

Syed Waleed

I’m a dedicated crypto and Web3 copywriter with a knack for transforming complex blockchain concepts into engaging, easy-to-understand content. I specialize in creating insightful articles, market analysis, and persuasive copy that captures attention and drives results. With a deep passion for DeFi, NFTs, and emerging crypto trends, I bring clarity, creativity, and expertise to every project, helping brands make their mark in the fast-paced world of digital assets.

Disclaimer

The information provided in this article is for informational purposes only and reflects the author’s opinion. It should not be construed as financial, legal, or investment advice. The cryptocurrency market is volatile and carries risks. Please conduct your own research before making any decisions.

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