Nasdaq Seeks SEC Approval to Launch 21Shares Dogecoin ETF
Nasdaq has officially filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to gain approval for listing and trading shares of the 21Shares Dogecoin ETF.
In a move announced earlier, 21Shares filed an S-1 registration with the SEC on April 10, in partnership with the House of Doge, a branch of the Dogecoin Foundation, to help promote the fund.
The ETF aims to track Dogecoin’s performance, using the CF DOGE-Dollar US Settlement Price Index, adjusted for the fund’s expenses and liabilities. It will be a passive investment fund that directly holds DOGE, with no leverage or derivatives employed to achieve its investment goals.
Coinbase Custody Trust will manage the ETF’s token holdings and act as the official custodian.
This filing follows the SEC’s recent delay of Bitwise’s spot DOGE ETF decision, which now has a new review deadline of June 15.
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