Nasdaq has officially requested approval from the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) holding Dogecoin (CRYPTO: DOGE).

Nasdaq has officially requested approval from the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) holding Dogecoin (CRYPTO: DOGE).

The application, submitted on Monday, follows 21Shares’ filing on April 10 for a Dogecoin ETF.

The application, submitted on Monday, follows 21Shares’ filing on April 10 for a Dogecoin ETF.

The fund, which would be held in a trust, cannot begin trading until the regulator signs off, and that process could take months.

The fund, which would be held in a trust, cannot begin trading until the regulator signs off, and that process could take months.

The SEC is currently reviewing more than 70 crypto ETF filings, including similar requests for altcoins like Solana (CRYPTO: SOL) and Sui (CRYPTO: SUI), as reported by Cointelegraph.

This ETF surge comes after President Trump’s new administration urged regulators to take a more crypto-friendly stance. Fund managers like Bitwise and Grayscale have also submitted competing applications as they race to capture demand for altcoin investment products.

The SEC is currently reviewing multiple filings related to the potential listing of Dogecoin-based exchange-traded funds (ETFs). Last month, NYSE Arca sought approval to list Bitwise's Dogecoin ETF, with Coinbase Custody managing the Dogecoin holdings and Bank of New York Mellon overseeing the cash asset.

Nasdaq is also calling for stricter and more uniform regulation as it backs new crypto ETFs. In an April 25 letter to the SEC, the exchange argued that digital assets that resemble securities should be held to the same standards.

Nasdaq is also calling for stricter and more uniform regulation as it backs new crypto ETFs. In an April 25 letter to the SEC, the exchange argued that digital assets that resemble securities should be held to the same standards.

Unlike many other meme coins, Dogecoin operates on its own blockchain and uses a proof-of-work mechanism. This makes it functionally similar to Bitcoin but cheaper and faster for small transactions.

Unlike many other meme coins, Dogecoin operates on its own blockchain and uses a proof-of-work mechanism. This makes it functionally similar to Bitcoin but cheaper and faster for small transactions.

Currently, Dogecoin has a market cap of nearly $26 billion and trades at $0.1773.