The movement to introduce a Dogecoin ETF (Doge) spot in the US market now includes three cryptographic asset administrators, with 21shares joining Bitwise and gray scale.
Crypto Asset Manager, based in Switzerland, presented an initial presentation of S-1 before the US stock and values commission. UU. Thursday.
The background would be guarded by 21Shares and Coinbase. The management rate and the Ticker and what the Stock Exchange will list the Fund has not yet been announced. Any exchange that ends will have to present a 19B-4 document before the SEC to make the presentation official and link the regulator to a decision deadline.
As part of the presentation, the company was associated with the corporate arm of the Dogecoin Foundation, House of Dege, which will help market the fund.
If a Doge ETF is approved, it would become the first ETF tracking a meme coin, a cryptographic active that was created as a joke. But Dege has long become more than that, inspiring the name of the government’s last initiative, the Government Efficiency Department (Doge) directed by Elon Musk.
Doge is currently the largest cryptographic currency for market capitalization with $ 23 billion.
