SEC Throws a Bone—Then Snatches It Back: 21Shares Spot Dogecoin ETF Faces Another Delay

The meme coin’s Wall Street dreams hit another bureaucratic speed bump.

SEC stalls DOGE ETF—again

Another day, another delay. The U.S. Securities and Exchange Commission has kicked the can down the road for 21Shares’ proposed spot Dogecoin ETF—because why let retail investors have nice things? The decision was expected by July 2025, but the SEC’s trademark regulatory limbo continues. No surprises here—just the usual ‘careful consideration’ theater.

When bureaucracy meets crypto

The move follows the SEC’s pattern of slow-walking crypto ETFs while traditional finance gets rubber-stamped approvals before the ink dries. Dogecoin—the joke-turned-juggernaut—still can’t catch a break from regulators who’d rather die than admit memes have value. Meanwhile, Wall Street’s legacy players keep stacking billions in Bitcoin ETF inflows. Priorities, right?

What’s next for DOGE?

Market reaction? A collective shrug. Dogecoin’s price barely twitched—traders clearly expected this move from the ‘innovation-first’ (lol) SEC. The real question: How many more delays before 21Shares’ application gathers enough dust to qualify as a ‘vintage investment product’?