1-7-2025 – The Securities and Exchange Commission has postponed its decision on the 21Shares Dogecoin spot ETF, extending the review period as regulators continue evaluating the memecoin-based investment product for compliance with federal securities laws.
The delay affects the ETF application that Nasdaq submitted in April, seeking approval to list and trade shares of the 21Shares Dogecoin fund. The SEC acknowledged the 19b-4 filing for a 21Shares spot Dogecoin (DOGE) ETF, initiating the official review timeline for the product, but has now pushed back its initial decision deadline as part of what appears to be a broader pattern of caution around altcoin ETFs.
The postponement mirrors similar delays the commission has imposed on other cryptocurrency ETF applications throughout 2025, including products focused on XRP and additional Dogecoin offerings from Bitwise and Grayscale. The SEC will not approve any spot crypto ETFs in June-July, adding that these products will likely launch in early Q4 2025, according to recent analyst projections.
21Shares originally filed its registration statement in April, partnering with The House of Doge marketing arm and proposing Coinbase Custody Trust as the fund’s custodian. The Swiss asset manager’s application represents one of several competing Dogecoin ETF proposals currently under SEC review.
Market watchers now expect the commission to issue final rulings on multiple altcoin ETF applications by October 2025, when statutory deadlines force regulatory action.
