Dogecoin ETF Nears Launch: 21Shares DOGE ETF Officially Listed on DTCC
Another significant step toward institutional adoption has been accomplished by Dogecoin. The memecoin now has a larger presence in the conventional finance ecosystem due to the official listing of the 21Shares Dogecoin ETF on the Depository Trust & Clearing Corporation (DTCC) platform. This milestone indicates that institutional and retail investors are getting ready for a new stage of exposure to Dogecoin through regulated investment products, even though it is a procedural rather than regulatory permission.
Dogecoin ETF Listed on DTCC, but SEC Approval Still Pending
It is crucial to remember that an ETF’s DTCC listing does not imply that the SEC has already given it its approval. Multiple rounds of agency feedback and public comment periods are still part of the SEC’s review process. Once permission is given, however, the DTCC listing guarantees that settlement and compliance arrangements are in place. The SEC recently changed its rules to expedite the approval process for ETFs, which is a major change from the drawn-out case-by-case reviews that have been in place since the first Bitcoin ETF application was submitted in 2013.
Dogecoin Eyes Major Surge as $0.31 Resistance Breaks
With a secondary cushion at $0.20, Dogecoin was trading at $0.2391 at the time of writing, maintaining its position above the $0.23 support level. A breakout above the $0.31 resistance level might lead to the $0.35–$0.38 range on the upside. Since April, analysts have noted a consistent accumulation, with higher lows indicating an increase in market confidence. The combination of macroeconomic fundamentals, ETF anticipation, and improving sentiment, according to market observers, may propel DOGE into yet another strong surge. The next significant breakout for DOGE could be triggered by the DTCC milestone if momentum keeps increasing.
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