21Shares submits spot Dogecoin ETF application in the United States

On April 10th, according to Bloomberg analyst James Seyfart, following similar applications from competitors Bitwise and Grayscale, digital asset management company 21Shares has submitted an application to the US Securities and Exchange Commission to launch a spot Dogecoin exchange traded fund. The 21Shares Dogecoin ETF will attempt to track the price of memecoin Dogecoin. According to the S-1 registration statement submitted by the company on April 9th, House of Doge, a subsidiary of the Dogecoin Foundation, plans to assist 21Shares in marketing the fund.