21Shares Unveils Spot Dogecoin ETF with New Fees-And a Dash of Drama!

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Well folks, hold onto your wallets because 21Shares is taking another leap toward launching their spot Dogecoin ETF in the U.S. But wait-there’s more! They just filed an amendment with new juicy details. Yeah, we’re talking about fee structures, operational magic, and a whole lot of crypto drama! 🍿

So what’s cooking in the crypto kitchen? Let’s break it down, shall we? 🤔

  • 21Shares has updated its S-1 filing to spill the beans on the fund’s sponsor fee and its cold-storage strategy. 🏦
  • This filing comes at a time when DOGE is the hot topic in the investment world, with big-time players making their moves. 🤑
  • Seems like the DOGE train is gaining speed as investors prepare for a potential ETF clearance! 🚂

In a dramatic twist of events, ETF issuer 21Shares is doubling down on their efforts to bring a second Dogecoin ETF to the U.S. market. 📈 The company filed an amendment to its S-1 registration on Dec. 2, revealing the product’s fee structure for the first time. And guess what? This fund-once approved-will be called TDOG on Nasdaq. Catchy, right? 🐕 It’s going to hold only Dogecoin (DOGE), track the crypto’s price, and do nothing else. No leverage. No active trading. Just the pure, unadulterated magic of DOGE. 🐾

Fee Breakdown-Let’s Talk Numbers (Hold onto your hats!)

Now, here’s the kicker. The filing has dropped a bombshell: the fund’s sponsor fee is a spicy 0.50% of net asset value. That means daily charges, but you pay them weekly, and in-you guessed it-DOGE. 💰 This fee covers nearly everything under the sun, from custody and administration to marketing and legal stuff. But anything “out of the ordinary” (like lawsuits or taxes) might require the trust to sell some DOGE to cover the cost. Yikes! 😬

Transaction fees for buying and selling fall squarely on authorized participants, but here’s the twist: the sponsor can adjust those fees, so don’t get too comfy. As for the 0.50% fee? It’s smack dab in the middle when compared to other crypto ETFs. Nice, neat, and relatively low-maintenance for anyone looking to dip their toes into the world of Dogecoin with a regulated product. 📉

The DOGE Price Goes Up! 🎉

Now for the fun part-DOGE price action! 🚀 The fee amendment drops just as DOGE-related investment products are blowing up. Back on Nov. 20, 21Shares launched a 2x leveraged Dogecoin ETF for all you daredevil traders out there looking to double down on your DOGE exposure. 🏎️

And just when you thought it couldn’t get more exciting, Grayscale followed suit on Nov. 24 and converted their Dogecoin trust into a spot ETF with a fee model that’s, let’s say, a little more wallet-friendly. 📉

Thanks to all this ETF buzz, DOGE has been flying higher than ever. As of press time, it’s sitting pretty at $0.15, with a sweet 11% increase over the last 24 hours and $1.7 billion in volume. Analysts are saying it’s a mix of retail buyers and hedge funds scrambling to grab some high-volatility action before the year ends. 💥

With the fee structure now public, TDOG is getting closer to hitting the market. But don’t pop the champagne just yet-the SEC’s review process is still in full swing. 🍾🥂

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2025-12-03 12:58