21Shares has officially confirmed its spot Dogecoin ETF will carry a 0.50% management fee and detailed its full custodian lineup, sending DOGE up by over 11%.
Quick Summary – TLDR:
- 21Shares set a 0.50% management fee for its upcoming Dogecoin ETF, TDOG, payable weekly in DOGE.
- The ETF will trade on Nasdaq and is structured as a spot fund holding only Dogecoin.
- Anchorage Digital Bank, BitGo, and Bank of New York Mellon have been named as custodians.
- DOGE price spiked over 11% following the announcement, with trading volume rising sharply.
What Happened?
21Shares has filed its latest S-1 amendment for a spot Dogecoin ETF, confirming the product’s fee, custodians, and operational structure. The ETF, to be listed under the ticker TDOG on Nasdaq, took a key step toward launch with the fee disclosure and custodian lineup. Investors reacted quickly, pushing DOGE up more than 11% and increasing trading volume to levels not seen in weeks.
21Shares has updated its filing for a Dogecoin ETF to include fee details.
— dogegod (@_dogegod_) December 3, 2025
Disclosed in official SEC and Nasdaq documents. pic.twitter.com/YMzPelysOp
Final Fee and Structure Now Public
In its fifth amended filing with the U.S. Securities and Exchange Commission (SEC), 21Shares confirmed the TDOG ETF will carry a 0.50% sponsor fee. This fee will accrue daily and be paid weekly in Dogecoin, covering almost all operational costs including administration, custody, marketing, and legal services.
There will be no waiver for this fee, unlike some competing ETF filings that often launch with temporary fee discounts. For anything outside routine expenses, such as taxes or legal issues, the trust will sell DOGE to meet those costs.
Key financial and operational details include:
- Ticker: TDOG
- Exchange: Nasdaq
- Benchmark: CF Dogecoin-Dollar US Settlement Price Index
- Seed capital: $1.5 million in DOGE from 21Shares US LLC
- Marketing agent: Foreside Global Services
- Accounting firm: Cohen & Company
Custodians and Partners Confirmed
The ETF will rely on a multi-custodian setup to hold Dogecoin securely before and after listing:
- Bank of New York Mellon will act as administrator, cash custodian, and transfer agent.
- Anchorage Digital Bank and BitGo will serve as digital asset custodians.
- Wilmington Trust NA is named as trustee.
- Coinbase Custody, previously listed, is no longer mentioned in the latest filing.
These custodial choices reflect a growing focus on regulatory readiness and operational safety as crypto ETFs inch closer to approval.
DOGE Price Surges as Launch Nears
Shortly after the updated filing went public, Dogecoin’s price surged past $0.15, gaining more than 11% in 24 hours. Trading volume also jumped over 32%, hitting $1.7 billion, as retail investors and hedge funds took new positions ahead of the ETF’s anticipated launch.
While DOGE still trades below its 50-day and 200-day moving averages, technical indicators are showing bullish signals. The Relative Strength Index (RSI) climbed to 45.19, and a breakout above the $0.14 resistance level provided further momentum.
Recent ETF-related launches and filings have also fueled interest:
- On November 20, 21Shares launched a 2x leveraged Dogecoin ETF on Nasdaq.
- Grayscale followed with its own converted Dogecoin trust, now a spot ETF with a lower fee.
SQ Magazine’s Takeaway
I think this marks a serious turning point for Dogecoin. What started as a meme is now lining up to trade on Nasdaq through a fully regulated ETF. That’s no joke. The confirmation of the 0.50% fee, combined with a solid team of custodians and a clear fund structure, signals that 21Shares is ready to go the moment the SEC gives the green light. And judging by the DOGE price jump, the market is just as ready. If you’re watching the crypto ETF space, this is definitely one to keep an eye on.
