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21Shares Spot Dogecoin ETF Goes Live on DTCC Under TDOG: What It Means for Meme Coins

21Shares Spot Dogecoin ETF Goes Live on DTCC Under TDOG: What It Means for Meme Coins

In the fast-paced world of crypto, big news drops can send waves through the market, and this one's got everyone talking. Crypto influencer Mr. Whale just shared a bombshell on X: 21Shares has officially listed its spot Dogecoin ETF on the DTCC under the ticker TDOG. If you're into meme coins, this could be a game-changer, signaling that more altcoin ETFs might be right around the corner.

21Shares and Dogecoin ETF logo

For those not deep in the weeds, DTCC stands for Depository Trust and Clearing Corporation—it's basically the backbone for clearing and settling trades in the U.S. financial markets. Getting listed there is a key operational step for any ETF before it can hit the exchanges, though it's worth noting this isn't the same as full SEC approval yet. As CoinGape reports, this move has experts buzzing about a potential Dogecoin price rally, especially with growing institutional interest in crypto.

Dogecoin, the Shiba Inu-inspired meme coin that started as a joke back in 2013, has evolved into a serious player with a massive community and real-world adoption. Now, with 21Shares stepping in— a company known for its crypto ETPs in Europe—this spot ETF could make it easier for traditional investors to get exposure to DOGE without holding the coin directly. Spot ETFs track the actual price of the asset, unlike futures-based ones, which means TDOG would hold real Dogecoin, potentially driving up demand and liquidity.

The tweet from @MrWhaleREAL didn't stop at the announcement; it teased "more altcoin ETFs are on the way," which has the meme coin crowd hyped. Replies poured in, with users speculating on ETFs for other memes like GIGA or even playful ones like Moin. One reply featured a fun image hyping up the news:

When do we see a GIGA ETF meme

This isn't happening in a vacuum. The crypto ETF landscape has been heating up since the approval of Bitcoin and Ethereum spot ETFs earlier this year. According to FinanceFeeds, TDOG's listing is drawing eyes from both crypto degens and Wall Street pros, potentially bridging the gap between meme culture and mainstream finance.

For blockchain practitioners and meme token enthusiasts, this development underscores a shift: meme coins are no longer just internet jokes. They're attracting serious capital, which could lead to better infrastructure, more innovation, and yes, wild price swings. If you're building or investing in the space, keep an eye on how this plays out— it might inspire similar products for other altcoins, expanding the knowledge base around tokenized assets.

While we wait for SEC green lights, the DTCC listing is a solid step forward. As KuCoin notes, it's a sign of maturing crypto markets. Stay tuned; the meme coin revolution might just be getting started. If you're diving deeper, check out resources on Dogecoin's official site or explore 21Shares' offerings at their website.

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