DOGE ETF Launches as Regulated Option Grows While Zero Knowledge Proof Attracts Investor Attention

A new spot Dogecoin (DOGE) ETF from 21Shares has received final regulatory clearance in the United States and is expected to begin trading this week. The fund will trade under the ticker symbol TDOG on Nasdaq. This approval makes it the third spot DOGE ETF available in the U.S., joining similar products from Grayscale and Bitwise. The ETF tracks the spot price of DOGE.

The 21Shares DOGE ETF carries a 0.50% management fee, charged daily and paid weekly in DOGE. The Bank of New York Mellon will serve as the fund's administrator, while Coinbase Custody Trust, Anchorage Digital Bank, and BitGo will handle digital asset custody. This structure aims to provide investors with a secure and compliant exposure to Dogecoin.

In parallel, the Zero Knowledge Proof (ZKP) project has launched a presale auction with a $5 million giveaway and early infrastructure already in place. This model, which prioritizes building infrastructure before selling tokens, has drawn investor interest. ZKP is also notable for its transparent daily auction model, which releases 200 million tokens every 24 hours.

Why the Move Happened

Regulatory approval for the 21Shares DOGE ETF marks a significant milestone in the evolution of crypto investment products. The SEC's acceptance of the fund underscores the growing institutional interest in cryptocurrencies. By providing a regulated vehicle for exposure to Dogecoin, 21Shares is enabling both retail and institutional investors to participate in the DOGE market without directly holding the asset.

The approval of the DOGE ETF also reflects the broader acceptance of digital assets within traditional financial markets. With more investors seeking diversified portfolios that include crypto exposure, the launch of such ETFs is likely to continue in 2026.

ZKP's presale model has also attracted attention for its transparency and fairness. Unlike many traditional token sales that rely on early discounts and private rounds, ZKP's auction approach ensures that all participants face the same rules and pricing conditions. This design reduces the influence of large investors and promotes a more level playing field.

How Markets Reacted

Dogecoin's price has remained relatively stable following the ETF news. As of this week, DOGE is trading around $0.14, with a 2.2% gain in the past 24 hours. The 24-hour trading volume surged 111%, indicating increased market activity.

Despite the positive volume figures, technical indicators suggest a mixed outlook. Dogecoin's price is currently above its 50-day moving average, and the Relative Strength Index is near neutral territory. While this suggests stability, further price movement will depend on broader market conditions and ETF trading performance.

Zero Knowledge Proof's presale auction has also driven significant participation. With daily participation increasing, investors are closely watching the auction model's impact on ZKP's price. Analysts have noted that the project's early focus on infrastructure and operational readiness may give it an edge over traditional token sales.

What Analysts Are Watching

Market analysts are monitoring the performance of the new DOGE ETF as a potential catalyst for price movement. Historical trends show that ETF launches can contribute to increased demand and liquidity for the underlying asset. Some analysts predict that the approval of the 21Shares DOGE ETF could help push the price toward $0.20.

Another factor analysts are watching is the broader economic environment. Rising concerns about U.S. monetary policy have led to caution in the crypto market, with investors reducing exposure to risk assets. This trend may impact the performance of the DOGE ETF, particularly if macroeconomic conditions worsen.

For ZKP, analysts are evaluating the long-term sustainability of its presale model. The auction structure ensures early pricing advantages but also creates urgency for participants to act quickly. As the auction progresses, analysts will be watching whether ZKP can maintain demand and price stability while expanding its network of Proof Pods.

Investors are also weighing the broader market dynamics. While Bitcoin and Ethereum have seen outflows in early 2026, altcoins like DOGE and ZKP have shown relative resilience. This suggests that investors are seeking alternatives to the traditional crypto pairs, particularly those with unique value propositions and regulatory clarity.