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Dogecoin ETF Effort Gains Steam as 21Shares Hits DTCC, Grayscale Taps Coinbase

SEC approval remains the gating factor despite operational progress.

Overview

  • 21Shares’ proposed spot Dogecoin ETF appeared on DTCC’s active and pre‑launch roster under ticker TDOG, a clearing and settlement step that does not equal regulatory approval.
  • Grayscale updated its filing to convert Grayscale Dogecoin Trust into a spot ETF with ticker GDOG, naming Coinbase as custodian and prime broker and targeting a listing on NYSE Arca.
  • The SEC adopted generic listing standards for spot commodity and digital‑asset ETFs on Sept. 18, which can compress listing mechanics even as asset‑specific reviews continue.
  • Rex‑Osprey’s DOJE fund launched last week with about $17 million in first‑day trading volume and has reported $8.18 million of inflows to date, a sign of interest yet far from the scale of Bitcoin ETF debuts.
  • DOGE trades near $0.24 after a recent pullback, with prices little moved by the DTCC step and down roughly 10% over the past week, reflecting cautious market risk appetite.