21Shares is getting ready to launch a Dogecoin (DOGE) ETF, according to the latest reports. This means good news for DOGE and her sister, NEIRO, which are expected to see price surges when the crypto product goes live.
21Shares offers crypto ETPs and manages over $11 billion in AUM. Markets Media recently revealed that 21Shares reached 50 listed crypto ETPs in Europe.
The bullish news comes after, recently, REX-Osprey launched the first US-based DOGE ETF (DOJE), triggering bullish moves for the digital assets.
21Shares Gets Ready to Launch a DOGE ETF
According to the latest reports, 21Shares' spot DOGE ETF has been listed on the DTCC website under the ticker TDOG.
This listing is part of the preparation process to launch a crypto ETF, and it doesn't indicate the official SEC approval yet.
However, considering that the SEC finally gave the green light for REX-Osprey's DOGE ETF, we can be optimistic about the 21Shares DOGE ETF as well.
DOJE, which went live on September 18, managed to surpass all expectations, hitting $6 million in trading volume in the first hour since launch.
DOGE and NEIRO Expect a Bright Future Ahead
DOJE's launch also triggered a market rally for DOGE and her sister, NEIRO, along with other memecoins, and the upcoming TDOG is expected to do the same.
On September 23, DOGE is trading in the green and it's priced above $0.24, with a market cap of over $36.5 billion. Despite trading in the red today, amidst a volatile crypto market, NEIRO is also expected to rebound soon.
NEIRO, which was previously known as the First Neiro on Ethereum, has been surrounded by optimistic news lately, after crypto exchanges decided to eliminate fake projects from their platforms.
On September 22, the team at Neiro offered its gratitude to Binance for its latest moves to protect the NEIRO IP. Yesterday, Binance Futures announced closing all positions on NEIROETH futures.
