Overview

• DTCC’s eligibility roster now shows the proposed fund under ticker TDOG, a pre-launch step that sets up clearing and settlement.
• The Securities and Exchange Commission is still reviewing the application after Nasdaq’s April 19b-4 filing and a concurrent S-1 for a physically backed trust tied to CF Benchmarks’ DOGE pricing.
• DTCC lists both active and pre-launch tickers, and issuers often secure this status before any green light from regulators.
• Competition is building as Grayscale filed its own spot Dogecoin S-1 in August, and Rex–Osprey’s DOJE ETF launched last week with hybrid exposure.
• DOGE traded near $0.240 after a roughly 4% 24-hour decline, showing a muted reaction during broader crypto volatility.