Dogecoin ETF Reaches DTCC: Awaiting SEC Approval as the Last Step

Swiss-based asset manager 21Shares has placed its

ETF, trading as TDOG, onto the Depository Trust & Clearing Corporation (DTCC) platform 21Shares Dogecoin ETF listed on DTCC under ticker TDOG [ 1 ]. This organizational move, which is different from U.S. Securities and Exchange Commission (SEC) authorization, signifies a critical step in the process of seeking access to the U.S. market. The fund, designed to follow the value of Dogecoin—a digital currency that started as a “meme coin”—illustrates the increasing interest from professional investors in cryptocurrencies aside from and . Listing on the DTCC confirms that 21Shares has finalized essential operational arrangements, such as settlement and clearing systems, needed to make the ETF available within the U.S. Crucial DOGE ETF: 21Shares TDOG Listing Signals Major Step for Dogecoin [ 2 ].

The DTCC mainly provides operational support, enabling the ETF to handle trades once it clears regulatory barriers. Even so, this listing does not ensure the U.S. SEC will give its approval, which remains the ultimate requirement for the ETF to enter American exchanges. The SEC has traditionally been hesitant to approve spot crypto ETFs, especially those tied to coins like Dogecoin that do not enjoy the institutional presence of Bitcoin or Ethereum. Experts point out that the SEC’s examination of crypto funds often centers on safeguarding investors, minimizing the chance of market manipulation, and the structure of proposed products Crucial DOGE ETF: 21Shares TDOG Listing Signals Major Step for Dogecoin [ 2 ]. Should the TDOG ETF receive the green light, it could open the door for greater acceptance of meme-based cryptocurrencies in regulated financial markets.

The DTCC move coincides with broader regulatory changes in the U.S. landscape. During the Trump administration, there has been momentum to speed up the approval process for crypto-focused financial products, reflecting a more supportive approach to digital asset innovation. This climate has prompted asset management firms to pursue additional crypto ETF opportunities, despite the SEC’s prior cautious stance. This policy shift toward encouraging crypto innovation stands in contrast to previous skepticism, including earlier remarks from Trump, who has stressed the importance of the U.S. staying ahead in the global digital asset arena.

If regulators ultimately approve the TDOG ETF, it may have a notable effect on how Dogecoin trades. Larger financial institutions could show more interest, giving traditional investors an SEC-approved way to gain exposure. Dogecoin’s trading activity and legitimacy as an investment could grow, and retail investors would find it easier to invest via standard brokerage platforms, possibly expanding the overall crypto investor base. However, these potential changes hinge on the SEC’s final ruling, which might be delayed for months or longer based on regulatory reviews and market circumstances Crucial DOGE ETF: 21Shares TDOG Listing Signals Major Step for Dogecoin [ 2 ].

21Shares’ next steps involve ongoing dialogue with the SEC, including answering inquiries and updating the ETF’s filing to address any regulatory issues. Observers in the industry suggest that the SEC’s position on crypto investment vehicles—which has evolved after approving Bitcoin and Ethereum futures ETFs—may affect how swiftly a Dogecoin spot ETF moves forward. While

remains in the digital asset community, experts urge caution, as the outcome of the regulatory process is still uncertain. The DTCC registration, while encouraging, highlights the difference between administrative preparedness and actual regulatory approval Crucial DOGE ETF: 21Shares TDOG Listing Signals Major Step for Dogecoin [ 2 ].