Dogecoin News Today: TDOG's DTCC Listing: Procedural Step, Not SEC Approval, as ETF Eyes Market Access

21Shares' Dogecoin ETF (TDOG) has taken a procedural step toward potential U.S. market access, with its ticker listed on the Depository Trust and Clearing Corporation (DTCC) platform. This operational readiness, however, does not signal regulatory approval from the Securities and Exchange Commission (SEC), as outlined in a detailed analysis by Cointelegraph. The ETF, designed to track Dogecoin (DOGE) prices via a physically backed structure, leverages a multi-exchange price index for daily net asset value (NAV) calculations and employs cash-based creation and redemption mechanisms.

The fund's "pay in kind" fee model, where sponsor fees are deducted in DOGE rather than cash, means the amount of Dogecoin backing each share will gradually decrease over time. This structure distinguishes TDOG from the existing REX-Osprey DOGE ETF (DOJE), which launched in September 2025 and combines spot DOGE exposure with ETP holdings. Both products aim to simplify DOGE investing for traditional investors, though TDOG's pending SEC approvals remain a critical hurdle.

Market data from Yahoo Finance and BitScreener indicates TDOG's price remains at $0.00000000, with trading volumes fluctuating between $0 and $66,868 as of early October 2025. These figures align with the ETF's pre-launch status, as no active trading has occurred yet. Meanwhile, The Currency Analytics and WIRED highlight growing institutional interest in DOGE, citing the REX-Osprey DOJE ETF's $18 million first-day trading volume and broader adoption trends. The latter attributes this momentum to regulatory shifts under the Trump administration, which have deprioritized crypto enforcement and streamlined listing standards for digital asset ETFs.

Price forecasts for TDOG, as detailed by Midforex, project a 12-month range of $0.0000000000000507 to $0.0000000000000560, with long-term targets reaching $0.0000000000002228 by 2030. These projections, however, must be contextualized within the asset's inherent volatility and speculative nature. The Currency Analytics also cites analyst Dima Potts' projection of a potential 37x price increase for DOGE by year-end 2025, driven by technical breakouts and ETF-related liquidity.

The DTCC listing for TDOG underscores the procedural complexity of crypto ETF approvals. While the step enables brokers to prepare systems for trading, it does not guarantee regulatory clearance. The SEC requires two formal approvals: the S-1 registration's effectiveness and Nasdaq's 19b-4 rule change for listing. Similar to Bitcoin ETFs, the approval process hinges on balancing investor protection with market innovation.

Institutional adoption of DOGE is gaining traction, with initiatives like the House of Doge's $200 million treasury project aiming to institutionalize custody and treasury management. This shift aligns with broader trends of crypto assets transitioning from speculative tools to structured investment vehicles. However, critics argue that DOGE's inflationary supply model and lack of intrinsic utility make it an unstable long-term asset.

The DOJE ETF's success-exceeding $20 million in inflows-demonstrates market appetite for regulated DOGE exposure. If TDOG secures approval, it could compete with DOJE by offering direct DOGE holdings and institutional-grade custody through Coinbase Custody. This diversification of investment wrappers reflects the maturation of the crypto market, where demand for liquidity and accessibility outweighs skepticism about asset fundamentals.

Analysts remain divided on the implications of meme coin ETFs. While proponents view them as democratizing access to digital assets, critics warn of amplified volatility and speculative risks. The SEC's recent generic listing rules for crypto ETFs further complicate the landscape, potentially enabling a surge of similar products for altcoins and meme tokens.

Source: [1] DOGE ETF USD Price (TDOG-USD) - Yahoo Finance (https://finance.yahoo.com/quote/TDOG-USD/history/)

[2] TDOG Dogecoin ETF, Explained: Status, Mechanics and How to Buy - Cointelegraph (https://cointelegraph.com/explained/dogecoin-etf)

[3] DOGE ETF (TDOG) Price History - BitScreener (https://bitscreener.com/coins/doge-etf-eth/price-history)

[4] DOGE ETF (TDOG) Price Prediction & Forecast (2025 – 2030) - Midforex (https://midforex.com/crypto/doge-etf-eth-forecast)

[5] Dogecoin ETF Momentum Could Propel DOGE 37x by 2025 - The Currency Analytics (https://thecurrencyanalytics.com/altcoins/dogecoin-etf-momentum-could-propel-doge-37x-by-2025-203538)

[8] Memecoins Are Coming to the Stock Market - WIRED (https://www.wired.com/story/memecoins-are-coming-to-the-stock-market/)

[9] Dogecoin Gets Its Own ETF (DOJE): What That Means for Meme ... - Crypto Economy (https://crypto-economy.com/dogecoin-gets-its-own-etf-doje-what-that-means-for-meme-coin-legitimacy/)