TLDR
- 21Shares has amended its Dogecoin ETF filing to confirm a 0.50 percent management fee.
- The fee will be accrued daily and paid weekly in Dogecoin.
- Anchorage Digital Bank and BitGo will serve as additional custodians for the Dogecoin ETF.
- Coinbase Custody Trust Company was previously listed as a custodian in earlier filings.
- 21Shares US LLC will invest $1.5 million in DOGE before or at the time of listing.
21Shares has updated its Dogecoin ETF filing with the U.S. Securities and Exchange Commission to confirm key information. The latest S-1 amendment outlines a 0.50% management fee payable in DOGE. The filing also lists new custodians and final preparations before launch.
TDOG Will List on Nasdaq with Final Fee Terms
21Shares has confirmed a 0.50% management fee for its Dogecoin ETF in its fifth S-1 amendment with the SEC. The fee will be calculated daily and settled in Dogecoin on a weekly basis. No fee waivers were disclosed in the current filing.
The issuer retained a delaying amendment in the S-1, allowing effectiveness via an 8(a) filing before listing. The Dogecoin ETF will trade under the ticker “TDOG” on the Nasdaq stock exchange. The ETF will track DOGE using the CF Dogecoin-Dollar US Settlement Price Index.
The updated filing also reveals key operational partners involved in the ETF’s structure and compliance. The Bank of New York Mellon will act as the fund’s administrator, cash custodian, and transfer agent. Wilmington Trust NA is designated as the trustee for the ETF.
21Shares Confirms Custodians and Fund Structure
The ETF will use multiple digital asset custodians to manage Dogecoin holdings before and after listing. Anchorage Digital Bank and BitGo will serve as additional custodians for the Dogecoin ETF. Coinbase Custody Trust Company was previously named as a custodian as well.
21Shares US LLC has provided $1.5 million in seed capital to acquire DOGE before the ETF launches. This DOGE purchase will happen either before or at the time of the ETF’s debut on Nasdaq. The fund structure appears fully prepared for trading operations.
The firm also named Foreside Global Services as its marketing agent for the Dogecoin ETF. Cohen & Company has been appointed as the fund’s official accounting firm. These updates complete the operational and compliance setup required before launch.
DOGE Price Rallies Ahead of ETF Launch
The price of Dogecoin jumped over 11% in the past 24 hours to reach $0.15. Daily trading volume for DOGE increased by 32%, showing growing interest among traders. The 24-hour high and low were $0.1519 and $0.1347, respectively.
Despite the rise, DOGE still trades below its 50-MA and 200-SMA on the daily chart. However, the price broke above a key trendline, providing technical support. The relative strength index (RSI) moved up to 45.19, indicating a stronger buying trend.
CoinGlass data showed an 8% jump in Dogecoin futures open interest, totaling $1.50 billion. Open interest rose on major exchanges like Binance, OKX, and Bybit. Futures OI climbed by 1.5%, 1.64%, and 1.26% respectively over the last 4 hours.
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