DOGE ETF on the Horizon: Nasdaq Files for 21Shares Dogecoin ETF Approval

In a significant move for the cryptocurrency market, Nasdaq has formally requested SEC approval to list a Dogecoin ETF under 21Shares. This development signals growing institutional interest in meme coins and could pave the way for broader adoption of DOGE as a legitimate investment asset.

Nasdaq Seeks SEC Approval for 21Shares Dogecoin ETF Listing

Nasdaq has formally requested a rule change from the U.S. Securities and Exchange Commission to list shares of a 21Shares Dogecoin ETF, according to a Tuesday filing. The proposed fund would track the price of Dogecoin, following the model of recently approved spot Bitcoin and Ethereum ETFs.

The move places 21Shares alongside crypto asset managers Grayscale and Bitwise, who have also filed for Dogecoin ETFs. The SEC has already begun reviewing Grayscale’s application, signaling growing institutional interest in meme coin-based financial 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.

Nasdaq Files for 21Shares Dogecoin ETF, SEC Review Pending

Nasdaq has formally submitted an S-1 application to the U.S. Securities and Exchange Commission for a spot Dogecoin ETF proposed by 21Shares. The fund would provide institutional investors with direct exposure to DOGE, bypassing derivatives like futures contracts.

The SEC’s review process will determine whether the first-ever Dogecoin ETF gains regulatory approval. Market observers note growing institutional interest in meme coins could improve the proposal’s chances, despite the SEC’s historically cautious stance on cryptocurrency ETFs.