Dogecoin ETF on DTCC: A Pre-Launch Milestone?
The cryptocurrency world is abuzz with the news that 21Shares’ proposed spot Dogecoin exchange-traded fund (ETF) has made an appearance on the Depository Trust & Clearing Corporation’s (DTCC) public roster, specifically under the "Exchange Traded Funds — Active and Pre-Launch" category. This development, marked by the ticker TDOG, signifies a crucial procedural step in preparing the infrastructure of Wall Street for potential trading. While this milestone is notable, it is essential to understand that it does not, in itself, constitute regulatory approval from the relevant authorities. The DTCC listing serves as an indication that the behind-the-scenes "plumbing" for such a product is being put in place. It allows broker-dealers to commence their operational due diligence, including setting up tickers and confirming eligibility for clearing and settlement processes. Historically, similar listings on the DTCC page have preceded the actual launch of significant pr…
