21Shares, a digital asset manager based in Zurich, has applied to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot ETF for Dogecoin (DOGE). 🐕‍🦺

The ETF will track the performance of Dogecoin, and Coinbase Custody has been proposed as the custodian of the fund. The chance of SEC approval is estimated at 64%. This reflects the growing institutional interest in the crypto sector. 🌟

21Shares will also launch a Dogecoin ETP by establishing a special partnership with House of Doge.