Nasdaq has submitted a proposal to the SEC to record and commerce shares in 21Shares Dogecoin ETF, a brand new funding product aimed toward monitoring the costs of Doge, the most well-liked Meme Coin.
19b-4 submitting Comply with the submission of 21 shares S-1 registration Becoming a member of the SEC earlier this month for the proposed DogeCoin ETF Gray scale and Bitwise searching for regulatory approval for funds linked to their very own Doge.
These proposed ETFs come when curiosity in Altcoinbase funds has skyrocketed, confirmed by a wave of a extra crypto-friendly regulatory surroundings beneath the Trump administration.
The proposed Dogecoin ETF of 21Shares will function as a passive funding car and will likely be created and redeemed in a block of 10,000 folks by licensed individuals utilizing money transactions alone. In line with submitting, trusts don’t make use of leverage or derivatives.
Buying and selling ETF shares is topic to NASDAQ monitoring procedures and buying and selling guidelines. The change should have a minimal of 40,000 shares issued for the preliminary record.
In supporting this proposal, NASDAQ argues that membership within the Inter-Market Monitoring Group (ISG) can present a strong surveillance sharing settlement, detecting and thwarting potential operations within the underlying Dogecoin market.
21Shares lately shaped an unique partnership with Home of Doge to launch DogeCoin ETPS. These are the one Dogecoin ETPS permitted by the Dogecoin Basis, and goals to supply institutional grade publicity to Dogecoin.
Switzerland-based Crypto Asset Supervisor is among the main corporations driving a number of Crypto ETF proposals in 2025, specializing in belongings similar to Solana, Dogecoin, XRP and different Altcoin to satisfy growing investor demand.
In line with ETF skilled Eric Balchunas, the SEC is at present reviewing 72 crypto-related ETF filings, together with these from 21 shares.
Presently there are 72 crypto-related ETFs sitting ready for approval for the SEC to record or record choices. From XRP, Litecoin, Solana to Penguins, Doge and 2x Melania to the whole lot in between, the whole lot. It is going to be a wild yr. A terrific abstract from @jseyff https://t.co/ihtqqxeh35
– Eric Balchunas (@ericbalchunas) April 21, 2025
