Defx Insights

Tag: 21shares

  • SEC First-to-File Rule: Asset Managers Demand ETF Policy Change

    SEC First-to-File Rule: Asset Managers Demand ETF Policy Change

    Leading crypto asset managers VanEck, 21Shares, and Canary Capital have formally petitioned the SEC to reinstate its ‘first-to-file’ principle for ETF approvals, highlighting growing tensions between industry innovators and regulators. This development comes amid increasing institutional interest in crypto products, as evidenced by recent surges in institutional crypto adoption driven by SEC clarity.

    Key Points of the Asset Managers’ Petition

    • Joint letter submitted to SEC Chairman Paul Atkins on June 5, 2025
    • Request to restore chronological review of ETP applications
    • Concerns over market fairness and innovation stifling
    • Impact on $15.4 trillion ETP industry growth

    Why the First-to-File Principle Matters

    The first-to-file principle has historically served as a cornerstone of fair market competition in the ETF space. Under this system, firms that invested early in innovation were rewarded with first-mover advantages, creating a merit-based marketplace that fostered creativity and competition.

    SPONSORED

    Trade crypto with up to 100x leverage on perpetual contracts

    Trade Now on Defx

    Impact of SEC’s Current Approach

    The SEC’s shift to simultaneous approvals, as seen with recent Bitcoin and Ethereum spot ETFs, has created several market challenges:

    • Reduced incentive for innovation
    • Advantage to larger asset managers
    • Potential market consolidation
    • Decreased competition

    Industry Expert Perspectives

    ‘The first-to-file principle enabled the ETP industry to grow to $15.4 trillion in investor assets. Newer, innovative companies like Wisdomtree have been able to become industry leaders.’ – Joint statement from VanEck, 21Shares, and Canary Capital

    Market Implications

    The current total crypto market capitalization stands at $3.22 trillion, with recent daily gains of 2.41%. This regulatory discussion comes at a crucial time for the crypto market, potentially impacting future product innovations and market access.

    Frequently Asked Questions

    What is the first-to-file principle?

    A regulatory approach ensuring ETF applications are reviewed and approved in the order they are submitted.

    Why did the SEC change its approach?

    The SEC adopted simultaneous approvals to streamline the review process and manage staff workload more efficiently.

    How does this affect retail investors?

    The change could impact product innovation and variety available to retail investors in the crypto ETF market.

    What’s next for crypto ETF regulation?

    The SEC’s response to this petition could set important precedents for future crypto product approvals and market innovation.

  • Dogecoin ETF Race Heats Up: 21Shares Files Key Amendment

    Dogecoin ETF Race Heats Up: 21Shares Files Key Amendment

    Asset manager 21Shares has taken another significant step toward launching a spot Dogecoin ETF, filing an amended S-1 form with the SEC. This development, coming just weeks after the initial acknowledgment, signals increasing momentum in the race to launch the first Dogecoin ETF. Recent analysis suggests potential DOGE price targets of $0.70, making this ETF development particularly significant for investors.

    Key Updates in 21Shares’ Dogecoin ETF Amendment

    The amended filing, submitted to the SEC, represents a crucial advancement in 21Shares’ bid to offer institutional investors direct exposure to the leading meme cryptocurrency. The original S-1 form was filed on April 9, with Nasdaq subsequently submitting the required 19b-4 form to facilitate listing and trading of the ETF shares.

    SPONSORED

    Trade Dogecoin with up to 100x leverage on perpetual contracts

    Trade Now on Defx

    Market Impact and Expert Analysis

    Bloomberg analyst Eric Balchunas has highlighted the significance of this amendment, noting that such revisions typically follow direct SEC feedback. This communication channel between 21Shares and the SEC suggests positive momentum toward potential approval.

    Timeline and Approval Prospects

    The current regulatory landscape shows multiple Dogecoin ETF applications under review:

    • Grayscale’s application: Next decision deadline – August 19
    • Bitwise’s application: Next deadline – June 15
    • 21Shares’ application: Timeline pending

    Market Sentiment and Price Analysis

    Current market indicators show:

    • 69% probability of SEC approval by December 31, 2025 (Polymarket data)
    • 80% chance of approval this year (Bloomberg analysis)
    • Current DOGE price: $0.20 (9% decline in 24 hours)

    Frequently Asked Questions

    When could the first Dogecoin ETF be approved?

    Analysts predict potential approval in Q4 2025, with most experts pointing to October-December as the likely timeframe.

    What makes a Dogecoin ETF approval likely?

    Key factors include DOGE’s commodity classification and the existence of a regulated futures market, similar to factors that influenced Bitcoin ETF approvals.

    How might a Dogecoin ETF affect DOGE price?

    Historical patterns suggest spot ETF approvals can significantly impact asset prices through increased institutional access and investment flows.

  • Dogecoin ETF Race Intensifies: SEC Reviews 21Shares Filing for 2026

    Dogecoin ETF Race Intensifies: SEC Reviews 21Shares Filing for 2026

    The cryptocurrency market is witnessing a significant milestone as the SEC formally acknowledges 21Shares’ Dogecoin ETF filing, marking a crucial step toward potential approval by January 2026. This development comes amid growing institutional interest in cryptocurrency ETFs, similar to the recent success of Bitcoin ETFs where BlackRock’s IBIT has shown strong inflows.

    Key Developments in the Dogecoin ETF Timeline

    On May 13, 2025, the Securities and Exchange Commission (SEC) officially began its review process of the 21Shares Dogecoin ETF proposal. This milestone initiates a formal evaluation period that could extend up to 240 days, with a final decision deadline set for January 9, 2026.

    Multiple Players Enter the Dogecoin ETF Race

    The competition for Dogecoin ETF approval has intensified with several major players submitting applications:

    • 21Shares (April 9, 2025): Partnership with House of Doge
    • Bitwise Asset Management (January 28, 2025): NYSE Arca listing
    • Grayscale: Converting existing trust structure
    • REX-Osprey Partnership: Broader memecoin ETF initiative

    Technical Structure and Security Measures

    The proposed 21Shares Dogecoin ETF features several key characteristics:

    • Passive trust structure
    • Direct DOGE token holdings
    • No leverage or derivatives
    • Coinbase Custody Trust as custodian
    • Benchmark index tracking

    SPONSORED

    Trade meme coins with up to 100x leverage on perpetual contracts

    Trade Now on Defx

    Market Impact and Analysis

    Industry analysts project a 63-75% approval probability for Dogecoin ETFs in 2025, citing several favorable factors:

    • Shifting regulatory landscape under SEC Chair Paul Atkins
    • Precedent set by successful Bitcoin ETF approvals
    • Growing institutional demand for crypto exposure
    • Enhanced market infrastructure and custody solutions

    Frequently Asked Questions

    When will the SEC decide on the Dogecoin ETF?

    The SEC has until January 9, 2026, to make a final decision, though they may act earlier.

    Who are the main competitors in the Dogecoin ETF race?

    Key players include 21Shares, Bitwise, Grayscale, and the REX-Osprey partnership.

    What makes the 21Shares proposal unique?

    21Shares has partnered with the Dogecoin Foundation’s House of Doge and secured Coinbase as custodian.

  • Dogecoin ETF Filing: 21Shares Makes Historic Move With House of Doge

    Dogecoin ETF Filing: 21Shares Makes Historic Move With House of Doge

    Swiss asset management giant 21Shares has made a groundbreaking move in the cryptocurrency space, officially endorsing Dogecoin (DOGE) and filing for what could become the first-ever Dogecoin spot ETF. This development marks a pivotal moment for the meme-turned-mainstream cryptocurrency that has seen an astronomical 130,000% price appreciation over the past decade.

    From Meme to Mainstream: Dogecoin’s Remarkable Journey

    What started as a lighthearted joke in 2013 has evolved into what 21Shares now describes as a “movement” in the cryptocurrency ecosystem. The numbers tell a compelling story: Dogecoin has maintained an impressive 125% annual growth rate since its inception, outperforming all other top 25 cryptocurrencies by market capitalization.

    User adoption metrics paint an equally impressive picture, with wallet addresses surging from 44 million to 84 million in just four years – a clear indication of growing mainstream acceptance. This growth trajectory aligns with broader regulatory shifts in the crypto space, suggesting a maturing market environment.

    SPONSORED

    Trade Dogecoin with up to 100x leverage on perpetual contracts

    Trade Now on Defx

    Strategic Partnership and ETF Filing Details

    21Shares has partnered with the House of Doge, the Dogecoin Foundation’s business arm, in a move that significantly legitimizes the cryptocurrency. The partnership coincides with their S-1 filing to the SEC for a spot Dogecoin ETF, which would provide traditional investors with regulated exposure to DOGE without direct cryptocurrency ownership.

    New Exchange-Traded Product Features

    The firm’s new exchange-traded product offers several compelling features:

    • 1:1 physical backing with real Dogecoin
    • Competitive 0.25% management fee
    • Cold storage security measures
    • Direct partnership with the Dogecoin Foundation

    Market Impact and Future Outlook

    This institutional endorsement could significantly impact Dogecoin’s market position, particularly as it follows the broader trend of cryptocurrency ETF approvals. The development comes at a time when regulatory reforms are reshaping the crypto landscape.

    Frequently Asked Questions

    When will the Dogecoin ETF start trading?

    The timeline depends on SEC approval, which typically takes 240 days from filing.

    What makes this ETF different from existing crypto products?

    This would be the first-ever spot Dogecoin ETF, offering direct exposure to the underlying asset.

    How will this affect Dogecoin’s price?

    While price impact cannot be predicted, similar ETF approvals have historically led to increased institutional investment.

  • Dogecoin ETF Race Heats Up: 21Shares Launches ETP, Files US Application

    Dogecoin ETF Race Heats Up: 21Shares Launches ETP, Files US Application

    In a significant development for the meme coin market, asset manager 21Shares has made two major moves to expand institutional access to Dogecoin (DOGE). The firm has partnered with the House of Doge to launch a European ETP while simultaneously filing for a US spot ETF, marking a potential turning point for DOGE adoption.

    21Shares’ Dual Dogecoin Investment Products

    The newly announced Dogecoin ETP will be listed on the SIX Swiss Exchange under the ticker ‘DOGE’, representing the first such product endorsed by the Dogecoin Foundation. This 100% physically-backed investment vehicle offers institutional investors a regulated pathway to gain DOGE exposure through traditional financial channels.

    As previously reported, 21Shares has also joined the race for a US spot Dogecoin ETF, becoming the third firm after Grayscale and Bitwise to pursue such approval. The timing of these announcements suggests growing institutional confidence in DOGE as a legitimate investment asset.

    SPONSORED

    Trade Dogecoin with up to 100x leverage on perpetual contracts

    Trade Now on Defx

    Market Impact and Technical Analysis

    The DOGE price has responded positively to these developments, surging alongside the broader crypto market recovery following Trump’s tariff pause announcement. The meme coin has broken above the crucial $0.15 resistance level, posting a 9% gain in 24 hours.

    FAQ Section

    What is the difference between an ETP and ETF?

    While both products track underlying assets, ETPs are debt instruments trading on exchanges, while ETFs are investment funds holding the actual assets. ETPs are more common in Europe, while ETFs are the standard in the US market.

    When could the US Dogecoin ETF be approved?

    The SEC will need to review both the S-1 and upcoming 19b-4 filings. Based on recent crypto ETF approval timelines, a decision could take 6-12 months.

    What impact could these products have on DOGE price?

    Institutional investment products typically increase buying pressure and reduce volatility by introducing more sophisticated investors to the market.

    Market Outlook

    Technical analysts remain bullish on DOGE’s prospects. The formation of a bullish divergence on daily timeframes, combined with Wyckoff accumulation patterns, suggests potential upside toward the $0.20 psychological level. The introduction of institutional investment vehicles could provide additional momentum for this technical setup.

  • Dogecoin ETF Filing: 21Shares Seeks SEC Approval Amid Crypto ETF Wave

    Swiss crypto asset manager 21Shares has officially filed for a spot Dogecoin ETF with the SEC, marking a significant milestone for the popular meme cryptocurrency. This development comes as Dogecoin’s price shows strong technical signals, suggesting potential market optimism around institutional adoption.

    Key Highlights of the 21Shares Dogecoin ETF Filing

    • Filing submitted to SEC on Wednesday
    • 21Shares manages $7 billion in crypto assets
    • Endorsed by the Dogecoin Foundation
    • Follows similar filings from Grayscale and Bitwise

    Strategic Timing and Market Impact

    The filing comes at a crucial time for the crypto market, as institutional interest in digital assets continues to grow following the successful launch of Bitcoin ETFs. The move by 21Shares demonstrates increasing confidence in alternative cryptocurrencies as legitimate investment vehicles.

    SPONSORED

    Trade Dogecoin with up to 100x leverage on perpetual contracts

    Trade Now on Defx

    Institutional Backing and Market Validation

    The Dogecoin Foundation’s endorsement of 21Shares’ ETF filing adds significant credibility to the proposal. This institutional support could potentially influence the SEC’s decision-making process and signal broader market acceptance of Dogecoin as an investment asset.

    FAQ Section

    When might the SEC decide on the Dogecoin ETF?

    The SEC typically takes 240 days to review ETF applications, though this timeline can vary.

    What impact could a Dogecoin ETF have on price?

    If approved, a spot Dogecoin ETF could increase institutional investment and potentially drive up demand and price.

    How does this compare to existing crypto ETFs?

    This would be the first spot Dogecoin ETF in the U.S., following the pattern of Bitcoin ETF approvals.

    Market Implications and Future Outlook

    The potential approval of a Dogecoin ETF could represent a significant milestone for cryptocurrency adoption and legitimacy in traditional financial markets. Investors and market participants will be watching closely as this development unfolds.

  • Dogecoin ETF Filing: 21Shares Partners with House of Doge

    Dogecoin ETF Filing: 21Shares Partners with House of Doge

    In a significant development for the meme coin market, crypto investment firm 21Shares has submitted an application for a Dogecoin ETF, backed by the Dogecoin Foundation’s corporate arm, House of Doge. This move marks another potential milestone in the mainstream adoption of cryptocurrency investment vehicles.

    As Dogecoin’s price shows strong technical signals, this ETF filing could further catalyze institutional interest in the popular meme token.

    Key Details of the 21Shares Dogecoin ETF Application

    • Filing Entity: 21Shares, known for their innovative crypto investment products
    • Backing Partner: House of Doge (Dogecoin Foundation’s corporate division)
    • Primary Objective: Wider institutional adoption of Dogecoin
    • Marketing Strategy: Collaborative effort between 21Shares and House of Doge

    Market Impact and Institutional Implications

    The timing of this ETF application coincides with growing institutional interest in cryptocurrency investment vehicles. Following the success of Bitcoin ETFs, this move represents the natural evolution of the crypto investment landscape.

    SPONSORED

    Trade meme coins with leverage in spot margin on Solana

    Trade Now on Defx

    FAQ Section

    What is the potential timeline for approval?

    While specific timelines haven’t been disclosed, typical ETF applications undergo a review period of 240 days.

    How would this affect Dogecoin’s market value?

    ETF approval could significantly increase institutional investment in Dogecoin, potentially driving up demand and price.

    What are the requirements for ETF approval?

    The SEC typically evaluates market manipulation risks, custody solutions, and investor protection measures.

    Looking Ahead: Market Implications

    This development could represent a turning point for meme coins in traditional finance, potentially paving the way for broader institutional adoption of alternative cryptocurrencies.

  • Dogecoin ETP Launch: 21Shares Partners with Foundation for Swiss Listing

    Dogecoin ETP Launch: 21Shares Partners with Foundation for Swiss Listing

    In a groundbreaking development for the meme coin ecosystem, crypto investment firm 21Shares has announced plans to list a Dogecoin Exchange Traded Product (ETP) on the SIX Swiss Exchange, marking the first-ever such product to receive official endorsement from the Dogecoin Foundation. This news comes as Dogecoin tests critical price support levels, potentially offering new institutional access points for the popular cryptocurrency.

    Strategic Significance of the Dogecoin ETP Launch

    The launch represents a significant milestone in Dogecoin’s journey from a meme-inspired cryptocurrency to a legitimate investment vehicle. This institutional-grade product will provide traditional investors with regulated exposure to DOGE price movements without the complexity of direct cryptocurrency ownership.

    Key Features and Benefits

    • First Dogecoin ETP with official Foundation backing
    • Listed on Switzerland’s premier exchange
    • Institutional-grade custody solutions
    • Simplified exposure to DOGE price action

    Market Impact and Trading Implications

    The timing of this launch is particularly noteworthy, as recent data shows 50% of Dogecoin supply currently in loss, suggesting potential accumulation opportunities for institutional investors through this new vehicle.

    SPONSORED

    Trade meme coins with up to 100x leverage and maximize your potential returns

    Trade Now on Defx

    FAQ Section

    What is a Dogecoin ETP?

    A Dogecoin ETP is a regulated investment product that tracks the price of DOGE, allowing traditional investors to gain exposure through their standard brokerage accounts.

    When will trading begin?

    While the exact launch date hasn’t been announced, the listing process on SIX Swiss Exchange is typically completed within weeks of announcement.

    Who can invest in the Dogecoin ETP?

    The ETP will be available to both institutional and retail investors with access to the SIX Swiss Exchange.

    Looking Ahead: Market Implications

    This development could potentially catalyze increased institutional adoption of Dogecoin, providing a regulated avenue for traditional finance to participate in the meme coin market. The Dogecoin Foundation’s endorsement adds an additional layer of legitimacy to the product.

  • XRP ETP Launches on Nasdaq Stockholm: 21Shares Expands Regulated Crypto Access

    XRP ETP Launches on Nasdaq Stockholm: 21Shares Expands Regulated Crypto Access

    Key Takeaways:

    • 21Shares AG launches fully-backed XRP ETP on Nasdaq Stockholm
    • Marks significant expansion of regulated crypto investment products in Europe
    • Follows recent institutional adoption trends for XRP

    In a significant development for regulated crypto investment vehicles, 21Shares AG has launched a fully-backed XRP Exchange Traded Product (ETP) on Nasdaq Stockholm, marking a pivotal moment for institutional XRP adoption in the Nordic region. This launch follows recent positive momentum for XRP in traditional banking sectors.

    The new ETP provides institutional investors with regulated exposure to XRP’s price movements while maintaining full backing of the underlying asset. This development comes as XRP continues to gain institutional recognition, particularly in cross-border payment solutions.

    Strategic Timing and Market Impact

    The launch timing coincides with growing institutional demand for regulated crypto investment products in Europe. 21Shares’ decision to list the XRP ETP on Nasdaq Stockholm demonstrates confidence in both the Swedish market’s appetite for digital asset investments and XRP’s long-term potential.

    SPONSORED

    Trade XRP with up to 100x leverage on perpetual contracts

    Trade Now on Defx

    Institutional Benefits and Security Features

    The ETP structure offers several advantages for institutional investors:

    • Full backing by physical XRP holdings
    • Regulated investment vehicle status
    • Simplified custody solution
    • Traditional market hours trading
    • Institutional-grade security measures

    Market Outlook and Future Implications

    This development could catalyze further institutional adoption of XRP and similar crypto assets through regulated channels. The success of this ETP may pave the way for additional crypto-backed products in the Nordic markets.

    FAQ Section

    Q: What is an XRP ETP?
    A: An XRP ETP is a regulated investment product that tracks the price of XRP and is traded on traditional stock exchanges.

    Q: How is the ETP backed?
    A: The ETP is fully backed by physical XRP holdings maintained by 21Shares AG.

    Q: Can retail investors access this product?
    A: Yes, the ETP is available to both retail and institutional investors through the Nasdaq Stockholm exchange.