According to Cointelegraph, 21Shares has submitted a proposal for the first-ever Dogecoin-focused exchange-traded fund (ETF). The filing, identified as SR-NASDAQ-2025-034, seeks to list shares of a commodity-based trust under Nasdaq Rule 5711(d).

Approval would significantly increase institutional exposure to Dogecoin, making it more accessible to traditional investors.

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This follows a surge in crypto ETF applications in 2025, driven by increasing regulatory clarity and broader investor interest in digital assets beyond Bitcoin and Ethereum. The filing also reflects Dogecoin's growing mainstream acceptance and market liquidity.

The 21Shares Dogecoin ETF filing was first reported on Coindoo.