Nasdaq Seeks SEC Approval to List 21Shares Dogecoin ETF

The Nasdaq exchange filed a 19b-4 form with the Securities and Exchange Commission (SEC) on Tuesday, seeking approval to list and trade shares of the 21Shares Dogecoin ETF.

Asset manager 21Shares, in partnership with the House of Doge—the Dogecoin Foundation's corporate arm—submitted an S-1 registration with the SEC on April 10th to facilitate the fund's launch.

This ETF aims to track the performance of Dogecoin, using the CF DOGE-Dollar US Settlement Price Index as its benchmark, adjusted for the Trust's expenses and liabilities.

It's a passively managed investment vehicle that will hold DOGE directly. The filing states that the Trust will not employ leverage, derivatives, or similar strategies to achieve its investment objective.

Coinbase Custody Trust will serve as the custodian, securely holding the ETF's Dogecoin holdings.

This filing follows the SEC's postponement of its decision on Bitwise's spot DOGE ETF application, extending the review period to June 15th.