21Shares launches DOGE spot ETF endorsed by the Dogecoin Foundation

Source: Yellow Original Title: 21Shares Launches Dogecoin ETF Backed by Foundation

Original Link: https://yellow.com/es/news/21shares-lanza-etf-de-dogecoin-con-respaldo-de-la-fundación 21Shares launched its Dogecoin (DOGE) spot exchange-traded fund (ETF) on Nasdaq Wednesday, becoming the third crypto provider to offer a regulated memecoin exposure for U.S. investors.

The TDOG fund began trading on January 22, after the company submitted its final prospectus to the Securities and Exchange Commission (SEC).

21Shares received exclusive ETF support from the Dogecoin Foundation’s corporate arm, House of Doge, which oversees the development of the cryptocurrency.

What happened

The TDOG product tracks Dogecoin spot prices using the CF Dogecoin-Dollar US Settlement Price Index.

The Bank of New York Mellon acts as administrator, cash custodian, and transfer agent.

Digital asset custody is handled by a compliant custodian, Anchorage Digital Bank, and BitGo.

The multi-custodian structure aims to reduce counterparty risk for fund investors.

The fund charges a 0.50% annual management fee, accrued daily and paid weekly in Dogecoin.

Unlike competitors, 21Shares did not include fee waivers in its filings.

This structure allows traditional investors to access Dogecoin via brokerage accounts without managing private keys or navigating crypto exchanges.

Grayscale and Bitwise previously launched spot Dogecoin ETFs in November 2025.

These products began trading under the automatic approval process of the Securities Act of 1933, without explicit SEC approval.

Why it matters

Foundation support sets TDOG apart from existing Dogecoin ETFs lacking official backing.

This partnership grants 21Shares exclusive marketing rights and legitimacy competitors cannot claim.

Institutional access to memecoin via regulated products expanded significantly by the end of 2025, with Solana and XRP also launching similar products.

However, demand for altcoin ETFs remains far below that for Bitcoin (BTC) and Ethereum (ETH) products.

Dogecoin was trading at about $0.124 at the time of writing, with a market cap close to $21 billion.

Despite falling about 58% this year amid broad digital asset weakness, the cryptocurrency ranks ninth by market cap.

Initial trading volume for competitor Dogecoin ETFs did not meet analyst expectations.

Grayscale’s GDOG debuted on November 24 with a first-day volume of $1.4 million, well below expectations.

Bitwise’s BWOW followed on November 26, with a management fee of 0.34%.

Although most digital assets performed weakly in early 2026, traditional financial firms continue to expand their crypto product offerings.

The ETF structure simplifies tax reporting via standard 1099 forms, rather than requiring specific crypto documentation.