#DogecoinETFProgress 1. Launch of DOJE by REX-Osprey
The first U.S. spot Dogecoin ETF, called DOJE, has launched.
It trades on a U.S. exchange (Cboe BZH) and is registered under the U.S. Investment Company Act of 1940.
The fund invests directly in Dogecoin for a large part of its assets, with exposure also from assets that provide DOGE exposure.
2. New SEC Rules Easing Spot Crypto ETF Listings
The U.S. SEC approved rules allowing exchanges like NYSE, Nasdaq, Cboe to adopt generic listing standards for spot crypto (and other spot commodity) ETFs. This can significantly shorten the approval process in some cases.
This regulatory shift helps proposals for crypto ETFs (including Dogecoin) move forward more fluidly.
3. 21Shares’ Spot Dogecoin ETF (Ticker “TDOG”) Moves Forward
The 21Shares application for a spot DOGE ETF has appeared on the DTCC (Depository Trust & Clearing Corporation) roster under the ticker TDOG. This is a technical/operational step to prepare for trading infrastructure (clearing, settlement).
But note: DTCC listing is not the same as SEC approval. The regulatory green light is still pending.
4. Grayscale’s Efforts
Grayscale has filed one or more updated regulatory documents (S-1) to convert its Dogecoin Trust into a fully registered ETF under the ticker GDOG. They’ve named Coinbase as the prime broker and custodian in the filing.
⚠ What’s still pending / challenges
21Shares’ SEC review ongoing — Though the DTCC step is done, the 21Shares spot DOGE ETF must still get full regulatory approval from SEC.
Grayscale’s application may also face scrutiny; updated filings are only one part. SEC will consider investor protection risks, how the ETF holds the underlying DOGE, custody, manipulation concerns, etc.
Market/price reaction is volatile around news. Even with positive momentum, DOGE has seen drops when anticipation is high but expectations shift.
What to watch next
Final SEC approval for TDOG and GDOG: when the S-1 reviews conclude, no material objections, condition satisfaction, etc.