Nasdaq seeks SEC approval to list 21Shares Dogecoin ETF
- The Nasdaq exchange has filed a form with the SEC to list and trade shares of the 21Shares Dogecoin ETF.
- 21Shares partnered with the House of Doge to submit an S-1 registration for the ETF, which aims to track Dogecoin's performance.
- Coinbase Custody Trust will serve as the official custodian for the ETF, which will hold DOGE directly without using leverage or derivatives.
The Nasdaq exchange filed a 19b-4 form with the Securities and Exchange Commission (SEC) on Tuesday to approve listing and trading shares of the 21Shares Dogecoin ETF.
Asset manager 21Shares submitted an S-1 registration with the SEC on April 10, as reported, in partnership with the House of Doge — the Dogecoin Foundation’s corporate arm — to help promote the fund.
The ETF aims to track the performance of Dogecoin, as measured by the CF DOGE-Dollar US Settlement Price Index, adjusted for the Trust’s expenses and other liabilities.
It is a passive investment vehicle that will hold DOGE directly. The Trust will not utilize leverage, derivatives, or any similar arrangements to meet its investment objective, the filing mentioned.
Coinbase Custody Trust will hold the fund’s tokens and serve as the official custodian for the ETF.
The filing comes as the SEC postponed its decision on Bitwise’s spot DOGE ETF application, extending the review period until June 15.
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CoinDesk Analysis Team
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