21Shares Dogecoin ETF: Fortune or Folly? đŸ¶

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In those days of digital intrigue, one might have hoped the world had tired of chasing coin-shaped fantasies. Yet here we stand, breathless, as the gallant financiers of ZĂŒrich-based 21Shares compose lengthy letters to the venerable Securities and Exchange Commission, gently requesting permission to shepherd the merry Dogecoin into an exchange-traded fiefdom. Indeed, the coin of the dog—now perched around the price of $0.156—struts like an overly pampered pup begging for table scraps. đŸŸ

In a fashion befitting a grand imperial court, Coinbase Custody has been anointed the custodian of this whimsical realm. Let the record reflect that the House of Doge Inc., bold corporate offspring of the ever-jesting Dogecoin Foundation, stands ready to wave flags and summon parades in honor of this proposed fund. Perhaps success will come as readily as fleas on a stray, for rumor speaks of prior attempts by Bitwise and Grayscale to crown Dogecoin ETFs. Meanwhile, 21Shares itself has also extended similar courtesies to Polkadot and XRP, as if the empire of meme coins needed more provinces to rule.

Should the SEC grant its blessing, the wise oracles at Polymarket whisper of a 64% chance for triumph, while Bloomberg’s seers—Eric Balchunas and James Seyffart—predict an even grander 75% revelation by 2025. Such optimism! It’s as if the sun of institutional acceptance has finally risen to shine upon humanity’s unquenchable thirst for canine-themed assets. 😊

All Hail the House of Doge

Swiftly seizing the moment, 21Shares has embraced an exclusive pact with the audacious House of Doge, unveiling a 21Shares Dogecoin ETP, now roaming the bustling pastures of the SIX Swiss Exchange under the ticker DOGE. Curiously, this venture is said to be 100% physically backed—no illusions or cat disguises here—and carries a modest toll of 2.50% fees. So gather ’round, dear readers, for we watch a meme coin be welcomed into the king’s court as though it were the prodigious heir of a storied dynasty.

According to Duncan Moir, who presides at 21Shares with all the poise of a Tolstoyan aristocrat, the Meme Coin That Could has emerged as more than a fleeting fancy—nay, it has grown into a communal force, arguably as unifying as a barnyard dog howling at the moon. Thus, with this regal partnership, investors may partake in the curious spectacle: the pursuit of riches (or ruin) through the waggish grin of a digital shiba. After all, if humans agree on anything, it’s our penchant for improbable hope and the joy of a dog emoji. 🐕

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2025-04-10 16:12