DOGE Breaks New Ground: 21Shares Files for First Spot Dogecoin ETF on Nasdaq

In a landmark move for cryptocurrency adoption, 21Shares has filed to launch the first spot Dogecoin ETF on Nasdaq, potentially bringing the meme coin into mainstream investment portfolios. This development underscores the growing institutional acceptance of altcoins beyond Bitcoin and Ethereum, marking a significant milestone for DOGE’s journey from internet joke to top-10 cryptocurrency.

21Shares Files to Launch First Spot Dogecoin ETF on Nasdaq

21Shares has taken a bold step toward mainstream crypto adoption by filing for the first spot Dogecoin ETF in the U.S. The proposed Nasdaq listing would give traditional investors direct exposure to DOGE—a meme coin that has defied expectations to become a top-10 cryptocurrency by market cap.

The move signals growing institutional acceptance of altcoins beyond Bitcoin and Ethereum. Coming on the heels of successful BTC and ETH ETF launches, this filing could open the floodgates for more niche crypto investment products. Market makers are clearly betting on sustained demand for diversified digital asset exposure.

Dogecoin’s potential ETF debut represents a remarkable evolution for an asset that began as a joke. The Shiba Inu-themed token now commands a $23 billion market valuation, with derivatives markets and payment integrations fueling its utility. This filing may force regulators to confront the staying power of meme coins in modern finance.

21Shares Files Dogecoin Spot ETF Proposal with SEC

21Shares has submitted a groundbreaking application for a Dogecoin spot ETF to the SEC, marking a significant step toward broader institutional adoption of altcoins. The proposed ETF would provide investors with regulated exposure to Doge without the complexities of direct ownership, potentially stabilizing the market and enhancing liquidity.

The filing reflects growing institutional interest in meme coins and could pave the way for similar products tracking other altcoins. Market participants anticipate this development may trigger renewed bullish sentiment across the crypto sector, particularly for DOGE and other large-cap meme tokens.

21Shares Files for First U.S. Spot Dogecoin ETF on Nasdaq

21Shares, a prominent digital asset manager, has filed an application with Nasdaq to launch the first spot Dogecoin ETF in the United States. The proposed 21Shares Dogecoin ETF would directly hold DOGE, tracking its price through the CF Dogecoin-Dollar Settlement Price (DOGEUSD_RR). Coinbase Custody Trust Company would serve as the custodian, offering investors regulated exposure without leverage or derivatives.

The move signals growing institutional interest in meme coins as viable investment vehicles. Approval would mark a milestone for Dogecoin, transitioning it from speculative asset to mainstream financial product.

Nasdaq Files to List 21Shares Dogecoin ETF, Seeks SEC Approval

Nasdaq has formally requested the SEC’s approval to list and trade shares of the 21Shares spot Dogecoin ETF. The New York-based exchange submitted a 19b-4 application under Section 19(b)(1) of the 1934 Securities Exchange Act, aiming to list the ETF under Nasdaq Rule 5711(d).

The filing follows 21Shares’ S-1 application three weeks prior, which proposed a spot-based Dogecoin ETF tracking DOGE’s performance. The ETF is structured as a Maryland statutory trust, with 21Shares serving as the sponsor.

This move signals growing institutional interest in meme-based cryptocurrencies, as Dogecoin joins the ranks of digital assets vying for ETF approval. The SEC’s decision will set a precedent for how regulators view the legitimacy of such tokens in traditional finance.

21Shares Files for Dogecoin Spot ETF in Regulatory Push

21Shares has taken a decisive step toward bringing meme-inspired crypto assets into mainstream finance with its filing for a Dogecoin-backed exchange-traded fund. The Nasdaq submission triggers SEC review, leveraging newfound regulatory openness under Chairman Paul Atkins.

The proposal builds on 21Shares’ earlier S-1 filing and features an unconventional partnership with the Dogecoin Foundation’s House of Doge. This move capitalizes on shifting political winds in Washington, where digital asset policies are undergoing significant reevaluation.

SEC Delays Bitwise Dogecoin ETF Decision to June 2025 Amid Broader Crypto ETF Expectations

The U.S. Securities and Exchange Commission has pushed its decision on the proposed Bitwise Dogecoin ETF to June 15, 2025, citing need for additional review time. Assistant Secretary Sherry Haywood confirmed the extension, leaving market participants awaiting clarity on DOGE’s institutional adoption pathway.

Wall Street analysts anticipate a wave of spot crypto ETF approvals by Q3 2024, potentially creating favorable conditions for altcoins. Dogecoin’s price action suggests growing speculative interest, with technical indicators hinting at a possible retest of historic highs should regulatory winds shift favorably.