Nasdaq files to list 21Shares Dogecoin ETF
Nasdaq has requested regulatory approval to list a 21Shares exchange-traded fund (ETF) that holds Dogecoin. This follows 21Shares' initial proposal for the Dogecoin ETF and similar applications from Bitwise and Grayscale. Nasdaq requires approval from the Securities and Exchange Commission (SEC) for the listing, which could expand Dogecoin's accessibility to investors. Over 70 crypto ETFs are currently awaiting SEC review, including those for other cryptocurrencies like Solana, XRP, and Polkadot. Nasdaq is advocating for stricter regulatory oversight of digital assets, suggesting they should meet the same standards as securities. Dogecoin has a market capitalization of nearly $26 billion and serves as a faster, cheaper alternative to Bitcoin for peer-to-peer payments. Plans for a layer-2 scaling solution to enable smart contracts on Dogecoin are set for September 2024.
