Dogecoin ETF? This Insane Space-Dog Is Chasing Wall Street Now! 🚀🐕

by

In an unexpected plot twist that surprised even the pan-dimensional beings who stake their fortunes on improbability, 21Shares, a perfectly sensible digital asset manager, has decided the universe doesn’t have nearly enough excitement. Thus, they’re boldly applying to Nasdaq to launch the very first spot Dogecoin (DOGE) ETF in the United States — because apparently what investors want is more canine-themed chaos in their portfolios. 🐶💸

Rather than dabble in the shadowy world of futures or distant derivatives that not even their own mothers understand, 21Shares’ proposed ETF would plunge bravely and directly into actual Dogecoin ownership. Yes, you read that correctly: precious, meme-laden dogecoins, herded and corralled like particularly excitable Shiba Inus at a sausage festival.

An image of financial nonsense and a dog, probably.

The ETF will faithfully shadow the whims and fancies of “CF Dogecoin-Dollar Settlement Price (DOGEUSD_RR)” — which, as everyone knows, is a perfectly unremarkable way to say “whatever the internet is feeling about Dogecoin today.”

Should the celestial bureaucrats look kindly upon this conjuring, 21Shares will physically store real, honest-to-goodness Dogecoin with Coinbase Custody Trust Company. Think of it as a digital kennel for your speculative investments — minus the howling at 3AM, unless the market tanks.

No rockets, no lunar leverage, just straightforward exposure to the thing that started as a joke… which, fittingly, now sits atop a $24-billion pile of value and is the eighth-largest cryptocurrency in the galaxy. (Somewhere, Douglas Adams is pausing his towel-wrapped interstellar travels to raise one eyebrow at us.)

For those riveted by paperwork, 21Shares dispatched a Form S-1 to the SEC on April 9, 2025. Meanwhile, Nasdaq did its formal dance with a Form 19b-4, because nothing screams “cutting-edge financial innovation” quite like Byzantine filings, indecipherable acronyms, and a sequence of numbers that sounds suspiciously like Marvin’s serial code.

Meanwhile, 21Shares is partnering with the mysterious and noble House of Doge (not a discount Venetian palace), wrangling all things marketing, branding, and licensing — because a truly cosmic ETF deserves nothing less than the shade and sparkle of meme nobility.

Competitors like Grayscale and Bitwise are, predictably, charging in with their own DOGE ETF ambitions, albeit via NYSE Arca instead of Nasdaq, perhaps in hopes that the SEC is more impressed by a different set of office carpets. The race is on, and the only losers are those who don’t appreciate a good interplanetary joke.

Enthusiastic number-crunchers at Bloomberg put a 75% chance on the SEC giving a firm yet slightly bewildered “yes” to all this in 2025. Should it happen, it would mark the first time a meme coin officially wears Wall Street’s starchy collar — paving the way for yet more deeply improbable things to become normal. Seriously, who needs Vogons? We’re doing a great job turning absurdity into reality ourselves. 🌌

Read More

2025-04-29 17:43