TechFlow, April 10 — According to Cointelegraph, crypto asset management firm 21Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the United States' first spot Dogecoin ETF. Per the S-1 registration statement filed on April 9, the ETF will track the price of Dogecoin and be custodied by Coinbase Custody. Meanwhile, 21Shares also announced a collaboration with House of Doge to launch a Dogecoin ETP product on the Swiss SIX exchange, trading under the ticker "DOGE" with a management fee of 2.5%. Analysts estimate the likelihood of SEC approval for a spot Dogecoin ETF at around 75%. Currently, Dogecoin has a market capitalization of approximately $24.2 billion, making it the eighth-largest cryptocurrency globally.
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