Nasdaq Seeks SEC Approval for 21Shares Dogecoin ETF Listing
Nasdaq has 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, according to a filing made on Tuesday.
On April 10, asset manager 21Shares submitted an S-1 registration with the SEC, in collaboration with the House of Doge, the corporate arm of the Dogecoin Foundation, to help promote the fund.
The ETF aims to track the performance of Dogecoin, referencing the CF DOGE-Dollar US Settlement Price Index, and will adjust for the Trust’s expenses and liabilities. It is designed as a passive investment product that will hold DOGE directly, without utilizing leverage, derivatives, or similar instruments to meet its investment goals, the filing clarified.
Coinbase Custody Trust will serve as the custodian for the fund, responsible for holding the ETF’s tokens.
This filing comes shortly after the SEC delayed its decision on Bitwise’s application for a spot DOGE ETF, extending the review period until June 15.
