The move to introduce a spot Dogecoin ETF (DODE) to the US market now includes three cryptophocused asset leaders, with 21Shares participating in BitWise and Grayscale.

The Switzerland-based Crypto Asset Manager presented an initial S-1 archiving at the US Securities and Exchange Commission on Thursday.

The fund would be approved by 21Shares and coinbase. The administrative fee as well as the ticker and which stock exchange will indicate that the fund has not yet been announced. Whatever the exchange ends up having to submit a 19B-4 document to SEC to make the submission official and tie the regulator to a decision deadline.

As part of the filing, the company entered into a partnership with the Dogecoin Foundation’s Corporate Arm, House of Doge, which will help market the fund.

If a DOGE ETF is approved, it would be the first Etf trace of a meme -coin, a crypto asset created as a joke. But DOGE has long evolved into more than that and inspired the name of the government’s latest initiative, the Department of Government Efficiency (DOGE), led by Elon Musk.

DOGE is currently the 9th largest cryptocurrency after market capital of $ 23 billion.