Dogecoin has made a new step in mainstream finance. The 21Shares spot DOGE ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) site. This technical action is regarded as one of the most important indicators that preparations are underway to launch it and this raises the speculations of a larger Dogecoin rally.
21Shares DOGE ETF Awaits SEC Approval
The ETF, listed under the ticker TDOG, represents a potential gateway for investors seeking regulated exposure to Dogecoin. Its DTCC listing is part of the standard setup before trading can begin. While encouraging, it does not guarantee imminent approval. The U.S. Securities and Exchange Commission (SEC) still holds the authority to decide if the product can officially launch.
21Shares submitted its registration on April 9, 2025, through Form S-1. The SEC formally acknowledged it in mid-May, starting the review cycle. The process involves public comment rounds, feedback sessions, and detailed scrutiny of investor protection standards. Regulators are examining transparency measures and compliance requirements before reaching a verdict. A final decision is expected by January 9, 2026, though SEC timelines often remain unpredictable.
Dogecoin ETFs Gain Traction Amid SEC Delays
The 21Shares DOGE ETF is not the first to generate headlines. REX-Osprey launched the first-ever U.S.-listed Dogecoin ETF, marking a historic breakthrough for meme-coin access in traditional markets. That fund allows direct spot exposure to DOGE, signaling a growing willingness from institutions to embrace digital assets.
The 21Shares ETF has its support with 21Shares US LLC, which is a subsidiary of 21co Holdings Limited. It will plan to keep Dogecoin directly with it being tracked by its spot price by index. The digital holdings have been strengthened by Coinbase Custody Trust Company being approached as the custodian. Nevertheless, SEC is still skeptical. The regulator previously delayed decisions on DOGE ETFs, citing the need for more compliance checks, including alignment with Nasdaq Rule 5711(d). Other applicants, such as Bitwise, have also faced postponements, with decisions stretching into late 2025 and possibly 2026.
Analysts See DOGE Rally Potential Above $0.30
Despite the regulatory hurdles, market experts project bullish potential for Dogecoin. crypto analyst Ali has highlighted the $0.23–$0.25 range as a strong accumulation zone. According to his chart, Dogecoin may consolidate between $0.23 and $0.30 before breaking out.
A successful breakout above the $0.30 resistance could set DOGE on a rally toward $0.38, $0.42, and even $0.50. This would represent gains of more than 100%. At press time Dogecoin was holding steady around $0.241 with moderate gains despite a notable drop in trading volume. Corporate activity has also increased momentum. Recently CleanCore Solutions bought another 100 million DOGE, which increased its possessions to over 600 million tokens. The Dogecoin treasury of the company currently, with its valuation, surpasses 160 million, which is an indicator of increased institutional attention.
