Wait, Dogecoin ETF Might Happen? Here’s What You Need to Know!

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So, 21Shares has decided to throw a little *amendment* into the mix. Apparently, their Dogecoin ETF application wasn’t quite perfect the first time, and now they’re giving it another go. Just a few weeks after the SEC waved a polite little acknowledgment at their filing, the approval process (or the *waiting game*, depending on your perspective) has officially started. 🎉

The Rollercoaster Ride of 21Shares’ Dogecoin ETF Application

Now, if you’re one of those folks who doesn’t live and breathe SEC filings (I can’t imagine why you wouldn’t), let me break it down: 21Shares has made some tweaks to their original Dogecoin ETF application, initially filed on April 9th. And yes, this is about giving institutional investors a shot at directly investing in Dogecoin. So if you thought the meme coin was just for *fun*—think again. 😂 Meanwhile, Nasdaq’s like, “Sure, we’ll list this!” and filed the necessary paperwork to get the ball rolling.

But, and here’s the fun part, according to Bloomberg’s Eric Balchunas, these amendments are usually a sign that the SEC is *actually* paying attention. So, there’s a tiny spark of hope that the SEC might approve it someday. We can dream, right?

Now, let’s talk about the SEC’s track record with Dogecoin ETF applications. They recently decided to delay Grayscale’s attempt to get a Dogecoin ETF. Grayscale, by the way, is patiently waiting until at least August 19th, with another deadline looming in October. It’s like a *really* slow game of musical chairs.

Bitwise also joined the Dogecoin ETF party, but the SEC didn’t approve their application either. Their next chance for approval? June 15th. Spoiler: It’s probably going to be delayed again. 📅

When Will They Finally Approve This Thing?

Let’s get into some statistics, because who doesn’t love a good prediction? According to Polymarket (which sounds like a place you’d buy stocks in 90s toys), there’s a 69% chance the SEC will approve a Dogecoin ETF by December 31. Meanwhile, July 31? That’s only a 15% chance. So, we’ve got time… lots and lots of time. ⏳

Meanwhile, analysts Balchunas and Seyffart have put their heads together and decided that an approval this year is actually pretty likely, with an 80% chance. They’re banking on the idea that the SEC sees Dogecoin as a *commodity*, which is such a weird thing to say out loud, but okay. Also, since there’s a regulated futures market for Dogecoin, the SEC’s past ruling on Grayscale might play in their favor.

In case you were wondering where Dogecoin stands today: it’s hanging out around $0.20. That’s a 9% drop in the last 24 hours, according to CoinMarketCap. Not exactly what you’d call “moon” material, but hey, it’s still a meme coin, so expectations are low. 🚀

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2025-05-30 21:43