Breaking: 21Shares updates Dogecoin ETF application documents, disclosing fees and custody details

21Shares has submitted an amended Dogecoin ETF filing to the U.S. Securities and Exchange Commission (SEC), confirming the management fee and disclosing further details. This spot Dogecoin ETF is expected to join the ranks of Grayscale (GDOG) and Bitwise Dogecoin ETF (BWOW), further driving up Dogecoin prices.

According to the latest filing, 21Shares has made its fifth amendment to the S-1 document, confirming a management fee of 0.50%, accrued daily and paid weekly in the form of Dogecoin (in arrears). The filing also retains a delayed issuance clause, which may take effect after the submission of the 8(a) application, but no fee waiver information has been disclosed at this time.

Regarding custody arrangements, BNY Mellon will serve as administrator, cash custodian, and transfer agent, while Anchorage Digital Bank and BitGo will act as other custodians. 21Shares US LLC will serve as the seed capital investor, and the trust will use $1.5 million to purchase DOGE at or before the ETF listing. In addition, Wilmington Trust NA will serve as trustee, Foreside Global Services as marketing agent, and Cohen & Company as accounting firm.

Driven by market sentiment, Dogecoin’s price has risen by over 11% in the past 24 hours to $0.15, with trading volume up 32%, reflecting strong trader interest. Technically, although the price remains below the 50-day and 200-day moving averages, a breakout above the trendline is providing support, and the Relative Strength Index (RSI) has climbed to 45.19, suggesting potential upside.

The derivatives market is also active, with CoinGlass data showing total DOGE futures open interest up 8% in the past 24 hours to $1.5 billion, reflecting strong bullish sentiment among traders.

The updated 21Shares Dogecoin ETF filing and the market response highlight a renewed wave of investor interest in DOGE assets, signaling potentially more active trading in both spot and derivatives markets.