The 21Shares asset manager filed an amendment to his Dogecoin ETF, which he deposited last month. This development comes only a few weeks after the American Commission for Securities and Exchange (Sec) recognized the filewho launched the examination process.
21Shares modified files of the Dogecoin ETF application
A Dry deposit shows that 21Shares has changed its application to offer a Dogecoin ETF. The asset manager was initially laid The S-1 shape For this fund, on April 9, a decision which showed its intention to offer institutional investors directly an exhibition to the first piece of memes. Meanwhile, the Nasdaq had filed form 19B-4 to register and negotiate the actions of this FNB, which officially started the approval process.
In a X postBloomberg analyst Eric Balchunas noted that the modified deposit makes things more interesting, because these modifications generally follow the comments made by the dry. As such, this suggests that the Commission is in communication with the asset manager, a development that provides optimism on approval at a given time.
It should be mentioned that the SEC recently delayed its decision On the application of Graycale, ETF of Dogecoin, while looking for more comments and refutations on the deposit. The next deadline for the Commission to decide this request is August 19. The fourth and last deadline is October 18.
Also deposited Offer an ETF of Dogecoin, but the SEC delayed its decision on this file after the first deadline, which appeared the first of this month. The next deadline for this file is June 15, when the Commission is also likely to delay the request.
The third and fourth limits will take place respectively on November 13 and 12. Bloomberg analyst James Seyffart predicts It is unlikely that this approval comes until the beginning of the fourth quarter.
COLADES OF A APPROVATION THIS YEAR
Polymarket data shows that there is a 69% chance that the dry will approve an eTF of Dogecoin by December 31. Meanwhile, only an approval comes from by July 31. Analysts of Bloomberg Seyffart and Balchunas have also weighed on the chances of approval for an ETF DOGE this year.
Balchunas shared a graphic It has shown that there is an 80% chance that a Dogecoin ETF can be approved this year. They have reached these chances according to the hypothesis that the SEC considers DOGE as a commodity, as well as the fact that there is a regulated term market for the memes piece. A long -term market has increased the chances of approval since The court ruled in the case in gray levels that the spot and the term markets are similar.
When writing these data from CoinMarketCap.
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