Nasdaq Seeks SEC Approval for 21Shares Dogecoin ETF: A Major Step for DOGE Adoption

In a significant development for the cryptocurrency market, Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Dogecoin ETF. This move marks a pivotal moment for Dogecoin (DOGE), as it could potentially bring more institutional and mainstream investors into the fold. The filing, submitted under the 19b-4 rule, follows 21Shares’ earlier S-1 registration in April 2025, which outlined a passive investment vehicle designed to track Dogecoin’s performance through the CF DOGE-Dollar US Settlement Price Index. The fund will hold DOGE directly, avoiding leverage or derivatives, and will rely on Coinbase for custody services. This development underscores the growing acceptance of Dogecoin as a legitimate asset class and could pave the way for further ETF approvals in the crypto space. As of May 2025, the crypto community is eagerly awaiting the SEC’s decision, which could have far-reaching implications for DOGE’s price and adoption.

Nasdaq Files for SEC Approval to List 21Shares Dogecoin ETF

Nasdaq has submitted a 19b-4 filing with the U.S. Securities and Exchange Commission seeking approval to list and trade shares of the 21Shares Dogecoin ETF. The move follows 21Shares’ S-1 registration filing in April, which proposed a passive investment vehicle tracking Dogecoin’s performance through the CF DOGE-Dollar US Settlement Price Index.

The fund will hold Doge directly without employing leverage or derivatives. Coinbase Custody Trust has been designated as the official custodian for the ETF’s underlying assets. This development marks another institutional attempt to bring cryptocurrency exposure to traditional markets through regulated financial products.

Most Traders Will Miss This Dogecoin Rival’s 5000% Run, Don’t Let It Be You

Dogecoin’s recent rally has captivated holders, with the token posting double-digit gains as Bitcoin reclaimed the $94,000 threshold. Investor sentiment has surged, yet analysts warn of emerging competition from RCO Finance—an AI-driven platform attracting institutional interest.

RCO Finance secured $7.5 million in venture funding, positioning itself as a potential market disruptor. Its algorithmic trading tools aim to outperform meme coin volatility, offering structured returns for both retail and professional traders.

While Dogecoin benefits from broader market momentum, its April performance hinges on sustaining buyer interest against innovative alternatives like RCO Finance. The contest between meme-driven hype and AI-powered utility underscores crypto’s evolving investment landscape.

Dogecoin Price Prediction: $10 By End Of 2025

Dogecoin has captured investor attention with its bullish trajectory, sparking speculation of a potential rally to $10 by late 2025. The meme coin recently broke out of a falling wedge pattern—a technical development flagged by analyst Trader Tardigrade as a bullish reversal signal.

The April 2025 breakout above the wedge’s upper boundary suggests a possible transition into a new bull cycle. Such chart patterns are closely monitored by traders for forecasting momentum shifts in cryptocurrency markets.