Nasdaq has filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares spot Dogecoin (DOGE) exchange-traded fund (ETF).

纳斯达克已向美国证券交易委员会（SEC）提交了19B-4申请，以列出21shares spot dogecoin（Doge）交易所交易基金（ETF）的股份。

The filing, which was submitted on April 29, 2025, is part of a broader initiative by several asset managers to introduce crypto ETFs to retail investors.

该文件于2025年4月29日提交，是几位资产管理人员将加密ETF引入零售投资者的更广泛倡议的一部分。

Earlier this month, 21Shares submitted an S-1 to register a spot-based Dogecoin ETF with the SEC. The ETF, which would be structured as a commodity-based trust, is designed to track the performance of Dogecoin.

本月初，21shares提交了S-1，以在SEC中注册基于现货的Dogecoin ETF。 ETF将以基于商品的信任结构结构，旨在跟踪Dogecoin的性能。

Nasdaq's filing, which is made Section 19(b)(1) of the 1934 Securities Exchange Act, discloses that 21Shares's Dogecoin ETF will be listed and traded on the exchange under its Rule 5711(d), which covers commodity-based trust shares.

纳斯达克（NASDAQ）的申请是《 1934年证券交易所法》第19（b）（1）条，揭示了21shares的Dogecoin ETF将根据其规则5711（d）在交易所上列出和交易，该规则涵盖基于商品的信托股份。

The Dogecoin ETF will be organized as a Maryland statutory trust, with 21Shares serving as the sponsor, manager, and third-party administrator. A trust company based in Maryland will act as the trustee, while Coinbase Custody will hold the ETF's Dogecoin on behalf of the trust.

Dogecoin ETF将被组织为马里兰州的法定信托基金，21shares担任赞助商，经理和第三方管理员。马里兰州的一家信托公司将担任受托人，而Coinbase监护权将代表该信托公司持有ETF的Dogecoin。

The investment objective of the 21Shares spot Dogecoin ETF is to provide investment results that correspond to the price return of Dogecoin.

21shares斑点Dogecoin ETF的投资目标是提供与Dogecoin价格回报相对应的投资结果。

It is a passive investment vehicle, which means it will not engage in speculative trading of DOGE or attempt to generate additional returns. Instead, the ETF aims to simply mirror the performance of Dogecoin through the CF DOGE-Dollar US Settlement Price Index.

它是一种被动投资工具，这意味着它将不会从事门槛的投机贸易或试图产生额外回报。取而代之的是，ETF的目的是简单地通过CF Doge-Doge-Molder US和解价格指数反映Dogecoin的性能。

Unlike some other types of ETFs that use derivatives, leverage, or buy assets at lower prices to sell at higher ones, this ETF is designed to track Dogecoin's price without any attempt to generate additional returns or capitalize on price changes.

与其他一些使用衍生品，杠杆作用或以较低价格购买的ETF不同，该ETF旨在跟踪Dogecoin的价格，而无需任何试图产生额外的回报或资本变化。

This approach ensures that the 21Shares Dogecoin ETF remains straightforward, with no active management or speculative trading strategies. The goal is for the ETF to provide a reliable and transparent way for investors to gain exposure to Dogecoin's performance in the broader market.

这种方法可确保21shares dogecoin ETF保持直接，没有主动的管理或投机交易策略。目的是让ETF为投资者提供一种可靠且透明的方式，以使Dogecoin在更广阔的市场中的表现获得曝光率。

Along with 21Shares, Bitwise and Grayscale are also applying for approval of their own spot-based Dogecoin ETFs. These ETFs are designed to make it easier for traditional investors to access cryptocurrency markets, without the need for directly purchasing and managing digital assets.

除21shares外，Bitwise和Grayscale还申请批准其自己的基于点的Dogecoin ETF。这些ETF旨在使传统投资者更容易访问加密货币市场，而无需直接购买和管理数字资产。

NYSE Arca has already submitted exchange applications for Bitwise's Dogecoin ETF and Grayscale's converted Dogecoin Trust. The SEC has acknowledged these filings, and the final deadline for approval of these applications is October 11 and November 12, 2025, respectively.

NYSE ARCA已经提交了Bitwise的Dogecoin ETF和Grayscale Converted Dogecoin Trust的交换申请。 SEC已确认这些文件，批准这些申请的最终截止日期分别是2025年10月11日和11月12日。

If approved, Nasdaq would add the 21Shares Dogecoin ETF to its diverse range of products and services. The exchange is a leading platform for listing equities, ETFs, and other securities.

如果获得批准，纳斯达克将将21shares dogecoin ETF添加到其各种产品和服务范围。该交易所是列出股票，ETF和其他证券的领先平台。

Earlier this year, Gemini announced the listing of two new institutional-grade Bitcoin futures ETFs on Nasdaq. These ETFs, issued by Gemini and managed by Factorial, are designed to provide investors with a liquid and transparent way to invest in Bitcoin futures contracts.

今年早些时候，双子座宣布在纳斯达克上列出了两个新的机构比特币期货ETF。这些ETF由双子座发行并由阶乘管理，旨在为投资者提供透明的方式，以投资比特币期货合约。

The SEC is expected to acknowledge Nasdaq's application for the 21Shares Dogecoin ETF within two weeks, which would officially begin a 240-day review period. During this time, the SEC will decide whether to approve or disapprove the application.

预计SEC将在两周内确认纳斯达克对21shares dogecoin ETF的申请，这将正式开始240天的审查期。在此期间，SEC将决定是批准还是不赞成申请。

The filing from Nasdaq also mentions that the SEC has made it clear that cryptocurrency coins like Dogecoin are not classified as securities. This is a key point for potential investors, as it highlights the regulatory landscape for cryptocurrencies in the U.S.

纳斯达克（NASDAQ）提交的文件还提到，SEC明确表示，像Dogecoin这样的加密货币硬币未被归类为证券。这是潜在投资者的关键点，因为它突出了美国加密货币的监管格局

In contrast to many other cryptocurrencies that have faced scrutiny by the SEC regarding their classification as securities, which has complicated the approval process for ETFs based on those assets, the SEC has stated that cryptocurrency coins are not to be classified as securities.

与SEC关于其将其分类为证券的许多其他加密货币相比，基于这些资产的ETF的批准过程变得复杂，SEC表示，加密货币硬币不得归类为证券。

This clarification from the SEC helps solidify Dogecoin's place in the financial ecosystem, as it is now officially recognized as a commodity rather than a security. Ultimately, the decision on whether to approve or disapprove the 21Shares Dogecoin ETF will rest with the SEC.

SEC的澄清有助于巩固Dogecoin在金融生态系统中的地位，因为它现在正式被公认为是商品而不是安全性。最终，是否批准还是不赞成21shares dogecoin ETF的决定将在SEC中依靠。

Nasdaq's application to list the 21Shares Dogecoin ETF is part of a broader trend of increasing interest in cryptocurrencies among traditional financial institutions.

纳斯达克列出21shares dogecoin ETF的应用是在传统金融机构中对加密货币兴趣增加的更广泛趋势的一部分。

As the industry continues to grow and evolve, we can expect to see more asset managers file applications for crypto ETFs, and existing asset managers expand their offerings in this rapidly developing asset class.

随着行业的不断发展和发展，我们可以期望看到更多的资产管理人员为加密ETF提交应用程序，而现有资产经理将其在这个快速发展的资产类别中扩展。