21Shares submits application for Dogecoin exchange-traded fund, creating interest from institutions and possibility of price increase
21Shares has recently joined other notable names like Grayscale and Bitwise in launching a Dogecoin spot ETF, sparking a surge in trading volume without significant price disruption. Analysts are closely monitoring Dogecoin’s price with the introduction of these new U.S. spot ETF products, as institutions continue to drive developments in the cryptocurrency market.
Following the final prospectus filing with the US Securities and Exchange Commission, 21Shares has received approval to launch its Dogecoin ETF, slated to be listed on Nasdaq under the ticker symbol TDOG. This upcoming ETF will be the third spot DOGE product in the U.S. market, following in the footsteps of the Grayscale Dogecoin ETF (GDOG) and the Bitwise Dogecoin ETF (BWOW) that were introduced in November.
The 21Shares Dogecoin ETF is based on the CF Dogecoin-Dollar US Settlement Price Index, offering controlled exposure to the price movements of Dogecoin. With a management fee of 0.50% per annum, the ETF is set to provide investors with a new opportunity to capitalize on the cryptocurrency’s market performance. The involvement of established institutions like The Bank of New York Mellon, Coinbase Custody Trust, Anchorage Digital Bank, and BitGo as administrators and custodians lends operational credibility to the product, instilling confidence in investors.
Upon the news of the ETF launch, the Dogecoin price experienced a slight uptick, rising over 1% within a 24-hour period and currently hovering around $0.140. Trading volume surged by 111%, reflecting increased market interest driven by ETF-related headlines. The availability of regulated capital pools through these ETFs may attract new investors, thereby enhancing liquidity visibility and maintaining stable price action amid heightened activity.
Dogecoin’s price is currently near a crucial historical support level at $0.137, which has been a significant demand zone since early 2024. Analysts have noted a diminishing bearish momentum and a levelled-off yellow moving average, indicating a potential equilibrium phase for the cryptocurrency’s price movement. A descending trendline from the October 2025 high has created a compression structure, with price testing near the trendline while displaying indecisive candle patterns and contracting volatility.
Despite technical constraints, the improved fundamentals resulting from ETF launches are expected to drive a 250% surge in Dogecoin’s price, supported by growing institutional demand and heightened market participation. The current compression structure suggests a potential breakout phase in the future, marked by historical price behavior and increasing investor interest in the cryptocurrency market.
