Nasdaq Requests SEC Authorization to Launch 21Shares Dogecoin ETF

The Nasdaq exchange submitted a 19b-4 form to the Securities and Exchange Commission (SEC) on Tuesday, seeking approval for the listing and trading of the 21Shares Dogecoin ETF.

On April 10, asset manager 21Shares filed an S-1 registration with the SEC in collaboration with the House of Doge, which is the corporate arm of the Dogecoin Foundation, to bolster the fund’s promotion.

This ETF is designed to mirror the performance of dogecoin, as indicated by the CF DOGE-Dollar US Settlement Price Index, while accounting for the Trust’s expenses and liabilities.

As a passive investment vehicle, it will directly hold DOGE. According to the filing, the Trust will not employ leverage, derivatives, or similar strategies to achieve its investment goals.

Coinbase Custody Trust is designated to safeguard the fund’s tokens, acting as the official custodian for the ETF.

This filing occurs while the SEC has delayed its decision regarding Bitwise’s spot DOGE ETF application, pushing the review period to June 15.