21Shares Files for Dogecoin Spot ETF Approval: Boosting Institutional Interest in Cryptocurrency

Cryptocurrency exchange traded product provider 21Shares has submitted a request to the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot Dogecoin ETF. This filing signals a significant increase in institutional interest in cryptocurrency investment, potentially offering more secure avenues for these investors. The proposed ETF would track DOGE price using the CF DOGE-Dollar US Settlement Price Index. The move comes as part of a broader trend of increased institutional participation in the crypto market and could set a precedent for future altcoin ETFs.