21Shares Moves to Launch Dogecoin ETF

21Shares US LLC, a leading global crypto asset manager, has officially filed a Form S-1 Registration Statement with the U.S. Securities and Exchange Commission (SEC), signaling its intent to launch the 21Shares Dogecoin ETF — a bold and potentially historic move in the world of exchange-traded products.

Key Highlights of the Filing:

• ETF Name: 21Shares Dogecoin ETF
• Structure: Passive investment vehicle tracking the CF DOGE-Dollar US Settlement Price Index
• Ticker Symbol: [To Be Announced]
• Exchange Listing: [To Be Confirmed]
• Underlying Asset: Dogecoin (DOGE) — all held in custody by Coinbase Custody Trust Company, LLC
• Creation/Redemption Process: Exclusively through cash transactions by Authorized Participants
• Sponsor: 21Shares US LLC
• Trustee: [TBD]
• Service Provider: House of Doge Inc. (linked to the Dogecoin Foundation)
• Legal Counsel: Dechert LLP

What is Form S-1?
Form S-1 is a registration statement required by the U.S. Securities and Exchange Commission (SEC) for companies planning to go public or offer securities to the public. It includes detailed information about the issuer’s business operations, financial condition, risk factors, and the specific terms of the securities offering. In the case of the 21Shares Dogecoin ETF, filing Form S-1 is the initial step toward launching a regulated exchange-traded fund in the United States that is backed by Dogecoin (DOGE), pending SEC approval.