21Shares has taken another step toward launching a spot Dogecoin exchange-traded fund in the U.S., filing an amendment that reveals the fund’s fee structure and adds fresh operational details.
Summary
- 21Shares updated its S-1 to reveal the fund’s sponsor fee and confirm its cold-storage structure.
- The amendment arrives during a surge in DOGE-related investment products from major issuers.
- Trading activity around DOGE has picked up as investors position ahead of potential ETF clearance.
In a new development, ETF issuer 21Shares is advancing its push to bring another spot Dogecoin ETF to the U.S. market.
The firm filed a new amendment to its S-1 registration on Dec. 2, marking the first time the company has disclosed the product’s fee structure. The fund, which will trade under the ticker TDOG on Nasdaq once approved, is a simple spot vehicle that will hold only Dogecoin (DOGE). It will track the cryptocurrency’s dollar price without any leverage or active trading.
Fee details and how the fund will operate
The filing sets the fund’s sponsor fee at 0.50% of net asset value, charged daily and paid weekly in DOGE. This fee covers nearly all operational costs, from custody to administration, marketing, trustee duties, and routine legal and audit work. Anything outside normal operations, such as taxes, lawsuits, or indemnification, would require the trust to sell DOGE to pay for it.
Transaction fees for creations and redemptions fall on authorized participants and can be adjusted by the sponsor with notice. The 0.50% fee puts TDOG near the middle of the pack compared with other spot crypto ETFs, offering a relatively straightforward entry point for investors who want direct Dogecoin exposure through a regulated product.
DOGE price lifts as ETF activity builds
The fee amendment comes during an active period for DOGE-focused investment products. On Nov. 20, 21Shares launched a leveraged 2x Dogecoin ETF on Nasdaq, aimed at traders looking for amplified exposure to the token’s daily moves.
Grayscale followed shortly on Nov. 24 after converting its own Dogecoin trust into a spot ETF with a lower fee model. Both launches helped push DOGE higher through late November and early December.
Dogecoin was trading at $0.15 at press time. It jumped roughly 11% over the past day with over $1.7 billion in volume, one of its strongest in weeks. Analysts say inflows have come from both retail buyers and hedge funds rotating into high-volatility assets as the year winds down.
With the fee structure now public, TDOG is closer to its debut, although the final timing depends on the SEC’s review process, which is still ongoing.
