Spot Dogecoin ETF Gains DTCC Listing, Analysts See Rally
21Shares’ Spot Dogecoin ETF has been registered on the DTCC, marking a key step toward SEC approval. The ETF will track Dogecoin’s spot price via a dedicated index and use Coinbase Custody Trust for custody. The SEC began reviewing the Form S-1 in mid-May, with a final decision expected by January 9, 2026. While SEC approval is not guaranteed, the DTCC listing boosts confidence that trading could start soon after sign-off. Institutional interest is on the rise: CleanCore Solutions added 100 million DOGE to its holdings, bringing total reserves to 600 million. Alex Spiro, legal counsel to Elon Musk, is forming a Dogecoin treasury company to manage $200 million in DOGE. Technical analysts identify a strong accumulation zone at $0.23–$0.25 and predict that a breakout above $0.30 could drive Dogecoin toward $0.38, $0.42 and even $0.50. At press time, DOGE traded near $0.241 amid moderate volume. Overall, the Dogecoin ETF and growing institutional investment underpin a bullish outlook for DOGE ahead of SEC approval.
Bullish
The DTCC listing of the Spot Dogecoin ETF is a significant regulatory milestone that enhances confidence in the ETF’s imminent launch post‐SEC approval. This progress, combined with rising institutional interest—evidenced by large DOGE purchases from CleanCore Solutions and the formation of a Dogecoin treasury by Alex Spiro—signals strong market demand. Technical indicators further support a bullish trajectory, with clear accumulation zones and potential breakout targets above $0.30. Together, these factors suggest both short‐term trading opportunities on breakout moves and long‐term upside as institutional frameworks solidify.