Securities Exchange Nasdaq Submits Listing Proposal for SPOT ETF Supporting Dogecoin
Flamboyant cryptocurrency Dogecoin is making a grand entrance into the traditional investment world! NASDAQ, the iconic stock exchange, has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a spot-based exchange-traded fund (ETF) for Dogecoin. This groundbreaking proposal comes from 21Shares, a company renowned for crafting crypto investment vehicles.
This move follows a strategic alliance between 21Shares and House of Doge, a corporate division linked to the Dogecoin Foundation. Together, the duo aims to popularize Dogecoin exchange-traded products across global markets, fostering a framework that supports institutional adoption.
Last month, 21Shares submitted an S-1 registration form with the SEC, a crucial step in launching a new ETF in the U.S. market.
Jens Wiechers, a member of the House of Doge's advisory board and a co-exec at the Dogecoin Foundation, reveals the crux of this joint venture:
"This 21Shares initiative paves the way for institutions to participate in the Dogecoin is Money vision, preserving the quirky spirit while securing the credibility and backing vital for mass-scale success."
21Shares' President, Duncan Moir, highlights the institutional importance of their efforts:
"Through our partnership with House of Doge, we are taking a monumental step in providing straightforward and institutional-quality investment options. This initiative signifies our resolve to widen investor access to novel and community-leaning assets while maintaining strict regulatory and operational standards."
This filing cements Dogecoin among the long list of cryptocurrencies leaping to tap into traditional investment infrastructure through regulated ETFs. With Bitcoin and Ethereum already Making waves, Dogecoin aspires to blend meme culture with conventional finance.
The SEC will scrutinize the application, a process that might span several months. In the event of approval, the Dogecoin ETF would grant investors direct exposure to DOGE via a product listed on NASDAQ.
Key Points to Remember:- The 21Shares Dogecoin ETF application is progressing steadily with two updates: Nasdaq's 19b-4 filing and the structure/partners of the ETF- The ETF will follow the CF DOGE-Dollar Settlement Price Index, hold actual DOGE through Coinbase Custody, and avoid leverage/complex instruments- House of Doge will aid with marketing and branding- The SEC is evaluating over 70 crypto ETF applications as of April 30, 2025, with a 75% estimated chance of approval for a spot DOGE ETF in 2025.
- The 21Shares Dogecoin ETF application, progressing steadily, includes a 19b-4 filing with NASDAQ and partnerships with House of Doge for marketing and branding.
- The Dogecoin ETF, if approved by the SEC, would offer investors direct exposure to Dogecoin via a product listed on NASDAQ, using the CF DOGE-Dollar Settlement Price Index and holding actual DOGE through Coinbase Custody.
- Jens Wiechers, a member of the House of Doge's advisory board, underscored that this initiative allows institutions to join the Dogecoin is Money vision while maintaining their credibility and mass-scale success.
- By allying with 21Shares, the company aims to popularize Dogecoin exchange-traded products across global markets, bringing the meme-inspired cryptocurrency into the realm of conventional finance and regulatory standards.
