21Shares’ proposed DOGE ETF is now listed on the DTCC.
Dogecoin trades at $0.2412, rebounding from $0.2380 support, with bullish targets between $0.32 and $0.50.
Coinbase Custody Trust is set to safeguard DOGE holdings, mirroring frameworks used in other spot crypto ETFs.
The path toward a spot Dogecoin exchange-traded fund (ETF) in the United States has moved forward with 21Shares’ proposed DOGE ETF (ticker: TDOG) appearing on the Depository Trust & Clearing Corporation (DTCC) platform. The listing signals operational readiness but does not constitute regulatory approval.
The DTCC listing is a necessary part of the preparation process before any ETF launch. It allows market participants to confirm settlement details and ensure operational setup. However, the SEC maintains authority over final approval. The agency continues to examine whether the product meets compliance requirements under Nasdaq Rule 5711(d). Previous filings show the SEC often extends review periods, and approval timelines remain uncertain.
Custody and Tracking Framework
The 21Shares DOGE ETF is designed to hold Dogecoin directly and track its spot price using a defined index. Coinbase Custody Trust Company has been appointed to safeguard the underlying digital assets. The structure mirrors the approach taken in other spot crypto funds that rely on institutional-grade custodians for investor protection.
This development follows the introduction of REX-Osprey’s DOGE ETF, the first U.S.-listed Dogecoin product. That fund provided investors with direct exposure to the meme coin, marking a milestone in mainstream adoption. Other asset managers, including Bitwise, also await SEC decisions on similar Dogecoin products. The SEC recently delayed its ruling on the Bitwise application until November 12, 2025, and further decisions could extend into 2026.
Dogecoin Builds Momentum Toward $0.50 With Strong Ascending Trendline Support
Dogecoin is trading at $0.2412 after rebounding from the $0.2380 support level. With DTCC listing secured, an analysis prepared by Ali Charts indicates a strong ascending trendline extending since June, maintaining consistent higher lows. Price action shows consolidation between $0.26 and $0.30, aligning with Fibonacci retracement levels.
Source: X
The 0.786 retracement at $0.26 provided support before the current rebound. Projection paths indicate potential resistance near $0.32, followed by $0.36 and $0.42. If momentum continues, Fibonacci extensions target $0.46 and $0.50. The structure signals bullish extension, with higher support levels validating the upward trend. Dogecoin maintains a positive outlook while respecting Fibonacci levels and ascending support. Read MoreNews, Altcoin News, Market Analysis, Market News, NewsNow, 21 shares, Altcoin, Crypto market, cryptocurrency, DOGE ETF, Dogecoin (DOGE) Cryptonewsland – Your Daily Crypto News
