Just now, 21Shares has once again submitted the updated Dogecoin spot ETF application documents to the U.S. SEC. This time, they clarified key details such as fees, custody, and processes all at once, which has directly boosted market confidence.

Dogecoin price surged by 11%+, once breaking through 0.15 USD!

Key updates overview (simple and straightforward version)

  • Management fee set at 0.50%

  • Fees calculated daily, paid weekly in Dogecoin

  • No announcement on 'fee reduction' policy yet (may be supplemented later)

  • Newly added multiple custodians and service institutions:
    BNY Mellon(Management + cash custody + transfer)
    Anchorage Digital, BitGo(Co-custody)

  • The ETF will be listed on Nasdaq under the code 'TDOG'

  • Before listing, $1.5 million will be directly used to buy DOGE as seed assets

  • Tracking index: CF Dogecoin-Dollar Settlement Price Index

21Shares 修改狗狗币 ETF

Why did 21Shares suddenly update?

This is their fifth revision of the S-1 document.

The purpose is very clear:

  1. Finalize all key terms such as fees and custody

  2. Prepare for official listing this month

  3. Catch up with market enthusiasm and compete with Grayscale and Bitwise's DOGE ETF

From the institutional actions, the competition for Dogecoin ETF has officially intensified.

More internal details have also been confirmed

In addition to custody and fees, the document also includes:

  • Wilmington Trust NA serves as the trustee

  • Foreside Global Services is responsible for marketing

  • Cohen & Company is responsible for auditing

  • 21Shares US LLC is the seed investor

  • Originally public Coinbase Custody is still in the custody team

The entire team configuration shows that 21Shares is seriously preparing to make the Dogecoin ETF big and strong.

Market reaction: DOGE surged to $0.15!

As soon as the update news came out, Dogecoin immediately soared.

  • 24-hour increase: +11%

  • Reached a high of: $0.1519

  • Trading volume +32%

  • RSI rose to 45.19, strengthened after breaking the trendline

Although the price is still below the 50-day and 200-day moving averages, the ETF enthusiasm obviously gave DOGE a strong boost.

The derivatives market is even more exaggerated: long positions are fully open!

CoinGlass data shows:

  • Dogecoin futures open interest skyrocketed by 8% to $1.5 billion

  • The three major exchanges synchronized OI increase in 4 hours:

    • Binance: +1.5%

    • OKX: +1.64%

    • Bybit: +1.26%

What does this represent?

Large funds have begun to layout Dogecoin ETF in advance.

In summary:

21Shares has finalized all key details such as fees and custody for the Dogecoin ETF, marking that TDOG is just one step away from being listed.

And the market has already reacted in advance:

Dogecoin not only welcomed explosive growth, but derivative funds are also accelerating inflow.

The ETF craze is really back.