SEC Application Filed by Nasdaq for 21Shares' Dogecoin (DOGE) Spot ETF Listing
Dogecoin ETF Application with 21Shares and Nasdaq Under SEC Review
The financial firm 21Shares and the tech giant Nasdaq have joined forces to launch a Dogecoin (DOGE) exchange-traded fund (ETF). The application for this innovative product is currently under review by the United States Securities and Exchange Commission (SEC).
Submitted on April 10, 2025, this is the first application for a Dogecoin ETF. The decision, similar to other crypto-related ETFs, has been delayed but progress is being made. The formal acceptance of the application by the SEC occurred on May 13, 2025, initiating the review process.
Nasdaq also filed a proposed rule change to list and trade shares of the 21Shares Dogecoin ETF under its rules. Although the SEC decision is still pending, the ongoing review process indicates a favorable regulatory environment. Initially scheduled for June 17, 2025, many expect the final decision not before October 2025.
The initiative between 21Shares and the corporate arm of the Dogecoin Foundation, House of Doge, aims to provide a regulated path for institutions to participate in and support Dogecoin's 'Money' vision while keeping the community spirit intact. The partnership with 21Shares, according to Duncan Moir, President at 21Shares, reflects a commitment to offering transparent and institution-grade investment options to the market.
As the situation develops, investors are advised to closely monitor the progress of the SEC's review process. The potential listing of a Dogecoin ETF has the capability to significantly impact the crypto market.
Sources:
[1] 21Shares Dogecoin ETF Application S1[3] Yardeni Research[4] Nasdaq Nasdaq Files Proposed Rule Change for LISTING and TRADING of Shares of the 21Shares Dogecoin ETF[5] Prospectus for 21Shares Dogecoin ETF [Redacted]
The application for the Dogecoin ETF, a combination of crypto investment and cryptocurrency, is currently under review by the SEC, a significant event in finance. This ETF, if approved, could potentially be listed and traded on Nasdaq, opening up new avenues for altcoin investing. The review process is expected to take several months, potentially concluding in October 2025, and its outcome may significantly impact the crypto market.
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