In a move that could only be described as both audacious and slightly absurd, asset manager 21Shares has approached the US Securities and Exchange Commission (SEC) with a proposal for a Dogecoin ETF. This development arrives just as Dogecoin, the internet’s favorite meme coin, stages a modest recovery from its recent plunge to a pitiful $0.14. One might wonder if this is a bold financial strategy or simply a desperate attempt to keep the Doge meme alive. 🐶💸
21Shares, in its infinite wisdom, has submitted the S-1 form for its Dogecoin ETF, joining the ranks of Grayscale and Bitwise in this peculiar race. The next step? Filing the 19b-4 form, which will officially begin the bureaucratic dance towards potential approval. One can only imagine the SEC’s collective sigh as they add yet another crypto-related filing to their ever-growing pile. 📄😮💨
Adding a layer of irony to the proceedings, 21Shares chose the very same day to launch its Dogecoin ETP on the SIX Swiss Exchange, in collaboration with the aptly named House of Doge. It’s almost as if they’re trying to convince the world that Dogecoin is more than just a joke—though the jury is still out on that one. 🏦🤡
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2025-04-10 00:48