PANews reported on April 10 that according to a screenshot of the preliminary prospectus released by Bloomberg analyst James Seyffart, 21Shares has applied to the US Securities and Exchange Commission to establish a Dogecoin spot exchange-traded fund (ETF), becoming another institution to apply for the same after Grayscale and Bitwise. The ETF is a passive fund that aims to track the spot price performance of Dogecoin without leverage or derivative operations. The reference index is the CF DOGE-Dollar US Settlement Price Index provided by CF Benchmarks.