Nasdaq Files for Rule Change to List 21Shares Dogecoin ETF
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) for a rule change to list shares of a 21Shares exchange-traded fund (ETF) based on Dogecoin's price. The proposed 21Shares Dogecoin ETF aims to track the price of Dogecoin, similar to recently approved Bitcoin and Ethereum ETFs. 21Shares follows Grayscale and Bitwise in seeking approval for a Dogecoin ETF, with Bitwise applying in late January and Grayscale submitting its application earlier this year. The SEC is currently reviewing Grayscale's filing, which has a 240-day maximum review period. Rex Shares has also applied for a Dogecoin ETF under the 40 Act, which has a shorter 75-day review process. The Dogecoin Foundation supports 21Shares' ETF, highlighting its potential to enhance Dogecoin's presence in mainstream finance. Dogecoin has a market capitalization of $76.3 billion, making it the eighth largest cryptocurrency, with a recent price increase of 6.3% to $0.18.
