DOGE ETF Momentum Builds as 21Shares Joins Race with Final Prospectus Filing

In a significant development for the meme coin sector, 21Shares has officially filed its final prospectus with the U.S. Securities and Exchange Commission (SEC) for a spot Dogecoin (DOGE) exchange-traded fund (ETF). This move marks the asset manager's strategic entry into the burgeoning meme coin ETF market and represents the third such filing for a spot Dogecoin ETF overall. The proposed fund is slated to trade on the Nasdaq under the ticker symbol 'TDOG' and will feature a competitive management fee of 0.50%. To ensure robust security and asset protection, 21Shares has opted for a sophisticated multi-custodian model, partnering with industry-leading institutions: Coinbase Custody Trust, Anchorage Digital Bank, and BitGo. This filing arrives amid a notable uptick in Dogecoin's market activity. The price of DOGE has been rising, supported by a surge in trading volume, indicating renewed investor interest and bullish sentiment. The submission of a final prospectus is a critical step in the regulatory approval process, moving beyond the initial application stage and signaling 21Shares' preparedness to launch the product pending SEC clearance. The involvement of high-profile custodians adds a layer of institutional credibility and operational security that could appeal to a broader range of investors, potentially bridging the gap between traditional finance and the meme-driven crypto asset class. The push for a spot Dogecoin ETF underscores a growing institutional acknowledgment of meme coins as a legitimate, albeit volatile, segment of the digital asset universe. Success for TDOG could pave the way for greater liquidity, price discovery, and mainstream accessibility for DOGE, similar to the transformative impact spot Bitcoin ETFs had on that market. For investors, this development represents a potential new avenue for gaining regulated exposure to Dogecoin's price movements without the complexities of direct custody. As of early 2026, the convergence of regulatory progress, institutional infrastructure, and positive price action creates a compelling narrative for Dogecoin's evolving role in the financial landscape.

21Shares Files for Spot Dogecoin ETF as DOGE Price Rises on Trading Volume Surge

21Shares has submitted its final prospectus to the U.S. Securities and Exchange Commission for a spot dogecoin ETF, marking its entry into the meme coin ETF market. The fund, set to trade under the ticker TDOG on Nasdaq, will carry a management fee of 0.50% and use a multi-custodian model involving Coinbase Custody Trust, Anchorage Digital Bank, and BitGo.

This filing represents the third spot Dogecoin ETF to reach the market, following Grayscale's GDOG and Bitwise's BWOW products launched in November. The announcement triggered a 1% price increase for DOGE, pushing it to $0.140, while trading volume surged 111%.

Technical analysts note a potential Head and Shoulders pattern forming on DOGE's 4-hour chart, with the neckline currently at $0.13978. The ETF approval comes as institutional interest in meme coins continues to grow, despite their traditionally retail-driven nature.

Dogecoin Price Analysis: Key Resistance Level in Focus

Dogecoin demonstrates resilience in recent trading, maintaining stability above the $0.138 support level despite broader market pressures. The meme cryptocurrency now faces a critical technical test: a decisive close above its immediate resistance threshold to confirm bullish momentum.

Market participants are closely watching DOGE's ability to break through this barrier, which could signal a potential trend reversal. The asset's performance at this juncture may determine its short-term trajectory in an otherwise volatile altcoin market.

Dogecoin Bears Gain Momentum as Price Nears Critical Support

Dogecoin's market stance weakens as a 6.8% weekly decline positions it as the worst performer among top cryptocurrencies. Liquidation pressures mount, with $6 million in positions erased—$4 million from long holders—amid fading retail interest and negligible ETF inflows.

Futures open interest tells the story: a $190 million contraction to $1.77 billion in seven days signals trader retreat. The meme coin now teeters above support, with technicals suggesting potential for a $0.10 retest unless buying urgency emerges.

Market mechanics mirror the sentiment shift. The absence of bullish catalysts and shrinking derivatives activity create a vacuum where sellers dominate. 'When meme coins lose their speculative frenzy, they revert to liquidity deserts,' observes Decentral Park Capital analyst Mark Carter.