Coinbase Custody to Power 21Shares’ Proposed Dogecoin ETF on Nasdaq

In a landmark move for cryptocurrency adoption, Nasdaq has filed with the SEC to list a spot Dogecoin ETF by 21Shares, with Coinbase serving as custodian. This development signals growing institutional acceptance of meme cryptocurrencies and could pave the way for broader crypto investment products.

Nasdaq Files to List 21Shares Dogecoin ETF, Signaling Mainstream Crypto Acceptance

Nasdaq has taken a significant step toward mainstream cryptocurrency adoption by filing a 19b-4 form with the SEC to support the listing of a 21Shares Spot Dogecoin ETF. The proposed fund would allow investors to gain passive exposure to DOGE’s price movements without direct ownership or speculative trading.

Coinbase is slated to serve as custodian for the ETF’s assets, providing institutional-grade security. This move follows the wave of Bitcoin ETF approvals earlier this year, suggesting growing acceptance of meme coins alongside established cryptocurrencies.

The filing emphasizes the product’s accessibility: "The Trust provides investors with indirect access to Dogecoin through traditional brokerage accounts, eliminating barriers to direct crypto ownership." market observers view this as a potential catalyst for broader DOGE adoption.

Coinbase CEO Predicts 100x Growth in Crypto Market as Institutional Adoption Accelerates

Brian Armstrong, CEO of Coinbase, has declared the crypto market poised for exponential expansion. "The water is warm, everyone should come in," Armstrong stated on X (formerly Twitter), signaling institutional readiness as Coinbase prepares to launch a Bitcoin yield product. His remarks came in response to commentary from crypto investor @loganb.sui, who highlighted Coinbase’s regulatory groundwork over the past four years.

Armstrong projects the total addressable market for digital assets will grow 100-fold as traditional finance adopts blockchain infrastructure. "Crypto will become the backbone of the global financial system—from capital markets to payments," he asserted. The bullish outlook coincides with improved regulatory clarity, with Armstrong noting a "more constructive" SEC under the current administration.