21Shares Dogecoin ETF Gets Green Light Amid Japan Utility Deal Progress

TLDR

Table of Contents

21Shares Dogecoin ETF approved for listing on Nasdaq as a non-leveraged passive fund.
DOGE trades at $0.1394 following Japan utility partnership by House of Doge.
A bullish RSI divergence signal appears on DOGE chart near key support level.
DOGE must break $0.1432 to confirm recovery after prolonged decline since October.

Dogecoin takes a step closer to mainstream adoption as 21Shares receives approval to launch the first Dogecoin ETF on Nasdaq. The announcement comes just as House of Doge reveals a new partnership in Japan aimed at expanding real-world utility for DOGE. With technical indicators pointing to a potential bounce, the convergence of institutional access and global use case development may reshape Dogecoin’s market outlook in early 2026.

Dogecoin ETF by 21Shares Gains Approval to Launch

The 21Shares Dogecoin ETF has gained regulatory approval to list on The Nasdaq Stock Market. The ETF is a passive fund designed to track the price of Dogecoin and will not use leverage or derivatives. It aims to mirror the CF Dogecoin-Dollar US Settlement Price Index, adjusted for operational costs.

This development positions Dogecoin alongside other digital assets gaining mainstream investment exposure through exchange-traded products. The fund will hold Dogecoin directly and calculate its share value daily based on the benchmark index provided by CF Benchmarks Ltd. The ETF is managed by 21Shares US LLC, with custody services provided by Coinbase Custody, Anchorage Digital Bank, and BitGo Bank & Trust.

ETF Structure and Operational Details

The Trust does not engage in speculative trading and holds Dogecoin as a passive investment. The asset is only moved in or out of the fund during share creation and redemption events. Each transaction involves a block of 10,000 shares, known as a Basket, with the equivalent value in Dogecoin transferred accordingly.

Authorized Participants may acquire shares by delivering cash or Dogecoin. In cash transactions, a designated third party purchases Dogecoin and transfers it into the Trust. When Dogecoin is provided directly, it is deposited into the Trust’s accounts with the custodians. Wilmington Trust serves as the trustee, and House of Doge Inc. supports marketing and strategy functions.

House of Doge Signs Japan Partnership

House of Doge Inc., representing the Dogecoin Foundation, has signed a strategic partnership with abc Co., Ltd. and ReYuu Japan. The agreement targets new areas for Dogecoin utility in Japan, including regulated stablecoin use, token listings, and an ecosystem fund.

Marco Margiotta, CEO of House of Doge, said, “Japan represents a natural market for Dogecoin given its strong embrace of digital innovation.” The collaboration seeks to apply blockchain solutions in real-world finance, focusing on compliance with Japan’s “green list” regulatory standards.

The partnership supports the narrative of Dogecoin evolving beyond its original use case, with a focus on regulated infrastructure and financial tools. This development coincides with broader efforts to build utility-focused digital assets within compliant frameworks.

DOGE Price Holds Above Support Amid Bullish Technical Signal

Following the ETF approval and Japan partnership news, Dogecoin traded near $0.1394. It remains just above its 20-day EMA of $0.1380. However, it still trades below the 50-day EMA of $0.1432, which is a key resistance level for confirming a trend reversal.

The Relative Strength Index (RSI) shows a bullish divergence signal at 51.66, marking the fifth such signal since August. Each of the previous four signals led to short-term rallies between 15% and 30%. The RSI divergence occurs when price makes lower lows while RSI forms higher lows, indicating weakening selling pressure.

Technical resistance lies within a descending channel formed since October, with the upper range near $0.145. Breaking above the 50-day EMA would mark a shift in short-term momentum and potentially confirm the technical signal.