SEC's Approval Pending as Dogecoin ETF Completes DTCC Hurdle

21Shares’ Spot

ETF (TDOG) has advanced an important step toward a possible launch in the U.S. market, as its ticker has now appeared on the Depository Trust & Clearing Corporation (DTCC) 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ]. This move indicates the fund is establishing the necessary technical systems for settlement and clearing, which is essential for trading but does not imply that the U.S. Securities and Exchange Commission (SEC) has granted approval 21Shares Dogecoin ETF Hits DTCC: What’s Next for TDOG? [ 2 ]. The ETF is designed to directly hold Dogecoin (DOGE) and mirror its spot price through a specific index, with Custody Trust Company serving as custodian 21Shares Dogecoin (DOGE) ETF Listed on DTCC [ 3 ].

21Shares’ DTCC listing comes after its S-1 registration with the SEC in April 2025 and a subsequent Nasdaq proposal to list the ETF under commodity trust regulations 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ]. Although the SEC has officially received the application, a final verdict is still awaited, with a decision deadline set for January 9, 2026 21Shares Dogecoin (DOGE) ETF Listed on DTCC [ 3 ]. The SEC’s review process involves evaluating investor safeguards, transparency, and adherence to current laws 21Shares Dogecoin (DOGE) ETF Listed on DTCC [ 3 ]. Integrating with the DTCC is a routine part of ETF preparation, ensuring the fund is operationally ready once regulatory barriers are removed 21Shares Dogecoin ETF Hits DTCC: What’s Next for TDOG? [ 2 ].

Market response to the DTCC listing has been varied. Dogecoin’s value dropped by about 4% to $0.2405 within a day of the announcement, even as trading volume soared 98% to $4.9 billion over the same period 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ]. Experts emphasize that while the DTCC listing is a notable technical achievement, the SEC’s approval remains the decisive factor. Bloomberg’s Eric Balchunas pointed out the importance of the TDOG ticker, which has fueled conversations among traders and on social media 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ]. At the same time, crypto commentators and analysts warn that Dogecoin’s price could remain highly volatile—driven by speculation—until regulatory certainty is achieved 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ].

Some market analysts predict that Dogecoin could see a rally, referencing positive technical signals. Crypto analyst Ali Martinez has identified buy indicators on Dogecoin’s charts, hinting at a potential recovery in the current cycle. Institutional interest in Dogecoin is also on the rise, with companies like CleanCore Solutions increasing their reserves to over 600 million

tokens, now worth $160 million. These trends highlight Dogecoin’s shifting status as both a speculative investment and a target for institutional portfolios.

The competition among Dogecoin ETFs is intensifying. On September 18, 2025, REX Shares and Osprey Funds introduced the first U.S. spot Dogecoin ETF (DOJE), providing direct access to the asset 21Shares Dogecoin (DOGE) ETF Listed on DTCC [ 3 ]. Bitwise and Grayscale have also filed for similar products, with decisions anticipated in late 2025 or early 2026 21Shares Dogecoin (DOGE) ETF Listed on DTCC [ 3 ]. The surge in ETF applications reflects a broader movement in crypto investment vehicles, with more than 90 proposals currently under consideration for assets such as

and as well as tokens like 21Shares Dogecoin (DOGE) ETF Listed on DTCC [ 3 ]. Regulatory bodies have recently simplified the requirements for listing commodity-based ETFs, which could speed up approvals and push the total value of crypto ETF assets toward $200 billion by the end of the year 21Shares Dogecoin (DOGE) ETF Listed on DTCC [ 3 ].

Investors should keep a close eye on major updates. The SEC’s ruling on the 21Shares ETF will determine when it can launch and what it means for the broader market. If the TDOG ETF is approved, it could draw significant institutional investment, further establishing Dogecoin as a legitimate asset class 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ]. Meanwhile, the performance of existing Dogecoin ETFs and regulatory decisions on other altcoin funds will influence investor attitudes. Stakeholders should also look out for announcements from 21Shares and Nasdaq regarding official launch dates 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ].

The DTCC listing highlights the increasing interest from institutions in meme coins, a category once seen as purely speculative. Dogecoin’s evolution from a 2013 internet joke to an asset with a $36 billion market cap demonstrates its unique role in the digital asset landscape. While regulatory challenges persist, the race to launch ETFs marks a shift in how traditional finance is embracing cryptocurrencies. For now, the TDOG ticker stands as a procedural milestone, with the SEC’s final decision needed to move Dogecoin’s market journey forward 21Shares Dogecoin ETF Listed on DTCC Under Ticker TDOG [ 1 ].