21Shares, a renowned cryptocurrency firm, has taken a step closer to launching the first-ever U.S. Exchange-Traded Fund (ETF) focused solely on Dogecoin (CRYPTO: DOGE).

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), 21Shares has officially applied for the listing of the 21Shares Dogecoin ETF on Nasdaq. The proposed fund, identified by the filing number SR-NASDAQ-2025-034, will be based on a commodity trust and is set to trade under Nasdaq Rule 5711(d).

If approved, this move would bring the popular cryptocurrency closer to institutional exposure, potentially enabling a larger segment of traditional investors to gain access to Dogecoin.

This filing follows a series of crypto ETF applications in 2025 as regulatory clarity continues to emerge and investors show increasing interest in digital assets. While several firms have applied for Bitcoin and Ethereum ETFs, 21Shares's filing marks the first instance of an ETF concentrating solely on Dogecoin being submitted for approval.

As the crypto market evolves, the introduction of a publicly traded Dogecoin ETF could have significant implications for both the cryptocurrency domain and the broader financial landscape.